bigguy said:Sam, what has a ABN no got to do with holding a reptile keepers licence. Nothing whatsoever. I have a ABN no for my reptile business and hold a reptile keepers lic.
hey_im_sam said:thanks for that Tim! that's what I was looking for...
So just to clarify, Legally after 20k you put any income in the 'other income' bracket. You then can claim ANY herp related purchases as tax deductions.
To put it in 'other income' then, you DONT need to officially have a buisness for it, and you can earn an unlimited amount in that aspect, taxed at the usual rates?
Correct me if I missed anything! thanks heaps for the explanation, so many people say so many different things
Tim said:I haven't actually dealt with this situation before so I'm just stating what I imagine would happen, so dont kill me if I'm wrong as it's 10:20pm and I'm not at work so don't have any references with me to look up
venom8 said:If they are part of the Reptile Park, isn't the Reptile Park a registered business and therefore there should be some form of tax on these animals then.
Enter your email address to join: