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taxpert
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Hi Davey,

It’s been some time since I’ve dealt with the issue of GST on second hand goods so I’m a little rusty but I’m sure there are some situations where a business which buys second hand goods for resale can claim a notional input tax credit even though the second hand goods they buy have no GST.

Take a look at this document from the ATO, it may be that your accountant hasn’t claimed credits you were entitled to.

http://www.ato.gov.au/content/downloads/bus42955nat10817082011.pdf

If you have any questions after reading it don’t hesitate to ask.

Cheers,
Simon