If you've got a spare $ 30,000, you can pick up Stuart O'Gradys 1997 Tdf bike, from Trak cycles in Southland. It's a Merckx, running an 8 speeds Sachs group set on what looks like very early Csomic Carbones. It is definately used.
It has great novelty value, but 30,000 ?
Assuming SO'G got the bike as part of his job, would he have to pay nearly $15k capital gains tax or FBT on a $30k sale?
