https://www.drive.com.au/motor-news/...0160530-gp7ot5
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Filling the huge floor space is some 450 vehicles hailing from all corners of the globe. Australia, the US, UK, Italy and Germany feature strongly across the museum, but by the same token there are small niches such DMC Deloreans and Goggomobils covered off as well.
And like your typical Bunnings, everything in store is for sale.
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Sounds like an exotic car yard to me possibly trying to claim the tax advantages of a not for profit museum. It is sad it is closing but perhaps the ATO was just doing it job to prevent tax evasion.
But if this is correct and that is all there was to it it does appear unfair
https://www.dailymail.co.uk/news/art...ax-office.html and
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In 2016 the ATO launched an audit and discovered the company used the term 'museum' in their title, which meant it was operating as a dual venture.
This also meant the business was not entitled to the luxury car tax (LCT) and GST exemptions, despite the fact that they were operating for a commercial purpose and the 'museum' was used to promote the cars.
The car mecca lost more than $2 million a year as visitors continued to decrease.
'We still have no answer from the ATO on why, as a matter of principle, promoting new vehicles by purchasing cars for test driving and inspection only is acceptable, while promoting the sale of cars using the museum concept is not,' owner Tony Denny told The Daily Telegraph.
'It is unclear why the ATO has applied the dual-purpose test differently in Auto Invest's case than it has for dealerships which purchase vehicles purely for use as demonstrators,' he said.
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