Question
10. For which of the following expenditures is an input tax credit not available for GST purposes? Assume all taxpayers are registered persons. (a) The
10. For which of the following expenditures is an input tax credit not available for GST purposes? Assume all taxpayers are registered persons.
(a) The cost of a new deck at Jeffreys house that he rents out to residential tenants.
(b) Replacing the microwave in the office kitchen at Jills office premises.
(c) The cost of patenting a new invention with NZ government.
(d) The legal costs of $11,500 incurred by Limited Ltd when buying a new piece of machinery from an overseas manufacturer.
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
10th Edition
0131457349, 978-0131457348
