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Registration and the ATO


sandgrubber
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No, I doubt it puts anyone off. GST isn’t a threat even if you are a business. It’s just a little more paperwork as far as I am concerned. I have non-dog related businesses that are registered for GST purposes that I do the returns for and I class it as mildly annoying but that’s all. 

 

Also, you only have to be registered for GST if you have a revenue over $75,000 per year from that business (might be a bit off but it is about that).  I’d never make that from breeding at the hobby scale I do it. 
 

Now income tax might put people of, but you have to have some expectation of making a non-trivial profit in a reasonable number of years to be considered a business at all for tax purposes.  Those making high profits - pedigree or not - probably have more to fear from that than GST.  But not small hobby breeders, we don’t rate.
 

Edited by Diva
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