Thanks for your comments dollarman and crashy.  I've spent the morning speaking with the council building services dept and many building surveyors.  Both are permitted by law to issue building permits.   The council was very down-the-line and said "As soon as you pickup a hammer or glue something a permit is required".  The building surv…[Read more]

Jairus,
I had a quick read of the ATO article on trading stock. It would be most appreciated if you or anyone else can give a simple example on how trading stock is valued and assessible income calculated.
Thanks!

Why has no one replied to this?

What do the experienced wrappers out there have to say about this ATO decision, which if true, effectively kills wrapping via an Instalment Sales Contract.

Sorry, I’m in Melbourne. Thanks for your comments so far.