I read following news that 1948 Gandhi stamp from India with overprint SERVICE sold for £500,000.
Gandhi stamps sell for £500000
1948 Gandhi stamps sold for record Rs 4.14 crore
Rare 1948 Gandhi stamps sold in London for a record of Rs 4.14 crore
Rare Stamps From The Indian Independence Era Sold In London ...
Philately incredible: Aussie breaks record, pays $850000 for four ...
Rare Mahatma Gandhi stamps fetch whopping 500000 pounds at ...Gandhi stamp sale breaks Indian record
Read my following blog post and you decide whether this much money on stamps make sense to you.!!
http://gandhistampsclub.blogspot.com/2014/07/overprint-stamps-1948-gandhi-service.html
http://gandhistampsclub.blogspot.com/2014/09/jal-cooper-overprint-stamp-how-he-was.html
Now let's not worry about whether this is BOGUS (never exist) or FAKE and consider as genuine.
Just think how much money GOVERNMENT is getting from this kind of stamp auction.
- Capital Gain Tax
- VAT
Do anyone know which country is getting this TAX ?
According to me Capital Gain Tax may be somewhere between $50000 - $100,000 as this is LONG TERM capital gain tax.
It's depends on country from where owner is selling.!!
But as this stamp is from INDIA does government of India is getting any money on TAX ?
Does government of INDIA know who bought this stamp in 1948.!! ?
Also auction house will get $50000 to $100000 from just one auction of stamp!! (10-20% commission).
We know buyer is from Australia so next time when it will be sold again he/she has to pay to Capital Gain TAX to Australian government.!!
As per following image Only 13 of the 1948 Gandhi 10-rupee Purple Brown and Lake 'Service' stamps are in circulation.
What are chances of more overprint stamp don't exist.!!
What are chances of more than 13 still exist.
May be 1000 or 10000 or more.!!
God knows how many were printed.!!
So now let's get back to point.!!
Which country is getting Capital Gain TAX ?
India, UK, USA, Australia or European UNION ?
Thanks
GSC