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David

There is far more to this strategy than meets the eye.

Imagine a person living in rented accommodation, who leases out the garage to a car doer-upperer. Options:

Register for GST, charge GST and claim the GST component of appropriate expenses. Make claims for vehicle expenses (going to the bank to deposit the cash) (incl GST & depreciation) Make claims for telephone costs. (incl GST) Make claims for electricity costs, to the garage. (incl GST)

It can get very creative, with the right 'nous.' --Perry 20:37, 31 December 2007 (NZDT)

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