Buying A NEW Cobra. Rough Guide to $

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Buying A NEW Cobra. Rough Guide to $

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#30 (permalink)

07-21-2009, 02:58 AM

NASSTY

CC Member

Join Date: Nov 2003

Cobra Make, Engine: RCM, 4 wheels, two doors

Posts: 704

Not Ranked

Only way the ATO could suggest a car was subject to CGT was if they deem it to be classified a collectable, like a painting etc, something that will appreciate over time. Don't know if that's been tested yet in the courts but a replica won't appreciate anywhere near as much over time as an original would.

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