https://www.justcars.com.au/cars-for-sale/1997-ferrari-f50/JCFFD5010935 Image Unavailable, Please Login Sent from my iPhone using FerrariChat.com mobile app
No doubt some of you here know about this amazing bloke and his car. https://www.velocetoday.com/ferrari-mondial-s-n-0446md/
I really hope it goes to someone like the Admiral who will drive it, but I think that's a forlorne hope...another trophy in a fancy shed no doubt.
Great read cheers Simon ,I’ve missed your historical titbits please keep them coming Sent from my iPhone using FerrariChat.com mobile app
Lovely colour and a lot of Ferrari Image Unavailable, Please Login https://www.carsales.com.au/dealer/details/Ferrari-365-1972/OAG-AD-16216242 Sent from my iPhone using FerrariChat.com mobile app
There seems to be a surfeit of these at the moment. Boaties...or used to be.. http://www.oldtimeraustralia.com/wp_car_dealer/1972-ferrari-365-gtc4-6/ Museum....the blue one is the LHD writeoff. https://gosfordclassiccarmuseum.com.au/surplus-car/1972-ferrari-365/ https://gosfordclassiccarmuseum.com.au/surplus-car/1972-ferrari-365-gtc-4/ I'm thinking the Grigio is the same car.
governments everywhere are happy to look the other way when large amounts of capital appear from offshore and I'm sure the "museum" are being careful to legally exploit the gaps in vehicle dealership legislation. They're not the first to do it btw, a well known and occasional guest of her majesty in WA made a good living trading cars from his "museum".
I don't see any problem in what they are doing. It's his money. He is also very big on new apartment developing in the Gosford area, should someone call the ATO on that too? Talk about tall poppy syndrome.
I'm not arguing with any of that, the reality is that enormous amounts of questionable capital enters Australia all the time - anyone who's ever dealt with a Chinese development company soon works out that their wealth doesn't fit with their activity. The Gosford museum isn't doing anything illegal and I doubt if they'll make a profit for many years, so no tax to avoid. If you shut down the museum_as_tax_avoidance industry you'd have no car museums anywhere in the world. Goodbye Petersen, Blackhawk, etc, etc.
All of us may barking up the wrong tree in a roundabout kindaway. When you hit on some of their threads/titles,or whatever they're called,only one keeps mentioning the word museum..the News one. Almost all the other ones just call it Gosford Classic Cars...quite a normal name for a car dealer...sometimes the word collection is mentioned but not with a capital C. Furthermore the word showroom is being used extensively.
They can't be making much on their actual real sales.....Tidy 356B sold 80K......The ex Mildren Brabham BT11 with a 2.5 Liter CC engine only sold for 220K....The only area they look to be doing well in is the Aussie muscle cars....The ex bunnings site would cost an absolute fortune to run with staff etc....So my view is they are nowhere like setting the world on fire....Looks like a very wealthy bloke with a big passion in cars....I'd say he makes far more money in the developments he is doing with Singo on the central coast...
Nah not the when you're inside the site the logo is only GCC.....where it used to be GCCM.....see you didn't notice that...
So am I wrong in thinking that there'd be different (beneficial) tax implications from a museum disposing of unwanted items and a used car dealer trading cars?
i would suggest this bloke has various trading names to suit what he's doing on the site. I would also suggest he has done material change of use to council requirements (if necessary). As an example,when I moved into my existing shed I had to do a MCoU because council's requirement for rentas was 'showroom',mine is a shed,yet bizarrely I bought one of my landcruisers out of a shed/dealer on the Gold Coast.
