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AUCTION Catalog 2928 MOTOR VEHICLES TUESDAY 4TH MARCH 2014 AT 1PM 3×57 HAYWARD STREET, STAFFORD, QLD, 4053 GUIDE ONLY Instructed to Act as Agents for: VARIOUS LIQUIDATORS AND MAJOR FINANCE COMPANIES

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What is note various buyers premium?

Note various buyers premium is an additional fee charged on top of the final hammer price of an auction item. It is paid by the buyer to the auction house or seller.

Who is required to file note various buyers premium?

The auction house or seller is responsible for collecting and reporting the note various buyers premium.

How to fill out note various buyers premium?

To fill out note various buyers premium, the auction house or seller must accurately calculate the premium based on the final hammer price of the item and include it in the total amount owed by the buyer.

What is the purpose of note various buyers premium?

The purpose of note various buyers premium is to cover additional costs for the auction house or seller, such as marketing, insurance, and administrative expenses.

What information must be reported on note various buyers premium?

The note various buyers premium amount, calculation method, and any applicable taxes must be clearly stated on the invoice or sales receipt provided to the buyer.

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