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freitasm: Just wondered how someone is going to pass through Customs with ten iPhones and not get pinged for GST (and a fine if not declared and found).
khull: Lol this post made my day - if people can afford to drop that amount of money, they would have just done the same by going to Australia for the launch.
Suggest people do something meaningful this weekend like Vote (if they haven't)
Lazy is such an ugly word, I prefer to call it selective participation
frysie: Gst will be paid
CB 3 Profit-making undertaking or scheme
An amount that a person derives from carrying on or carrying out an undertaking or scheme entered into or devised for the purpose of making a profit is income of the person.
Defined in this Act: amount, income
Compare: 2004 No 35 s CB 2
CB 4Personal property acquired for purpose of disposal
An amount that a person derives from disposing of personal property is income of the person if they acquired the property for the purpose of disposing of it.
Defined in this Act: amount, income, personal property
Compare: 2004 No 35 s CB 3
Fabian: Watch out for the IRD pinging you as well for the income earning. You are liable to declare this to the IRD as income for the year.
“Don't believe anything you read on the net. Except this. Well, including this, I suppose.” Douglas Adams
Referral links to services I use, really like, and may be rewarded if you sign up:
PocketSmith for budgeting and personal finance management. A great Kiwi company.
frysie: Yes i will be claiming the GST back (however at the RRP) so ill be losing out.
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