On 13/04/2005, at 9:41 AM, Derek Yeoh-Ellerton wrote:
Hi WAMUG folks.
Keep in mind that many auctions (including the one Shay mentioned) are
GST
exclusive.
So, at the end of the auction, add 10% to your purchase cost for GST.
On top
of that, add the 10% buyers premium.
All up... You get slugged an extra 20% on the price said at the fall
of the
hammer. Not as attractive as things first seem. Auctions like at Curtin
certainly seem
Not being pedantic BUT
You add the GST after the buyers premium , so its actually an increase
of 21% .
That is getting close to a quarter extra.
eg :- A final bid of .... $360 gets close to but under
$450 . (436)
Not such a bargain after all !
Bob
