Originally Posted by Gaddy
There was an article in todays Daily Telegraph (Syd) That outlined this matter.
The ATO does not like to miss out guys!!
Since Kevin spent all our Life savings, they are looking for revenue from anywhere they can get it!!
Thanx Kev!!:hiney::twisted:
read the email they sent me correctly..Just run multiple ebay accounts.
if you read into this it is going to be up to you the ebayer to prove that you are not a business/part time/hobby money making machine..Only $20,000 and over???? Still be a lot of small Ebay businesses flying under the radar.... unless they intend catching them later...
Fortunately small profits from a HOBBY are not classed as income and therefor not taxable..
there was an article about this a couple of years back and now its here..:eek:
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