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5. Jane, the owner, has asked you to provide advice on the following transaction. She is considering importing a luxury vehicle with a customs value

5. Jane, the owner, has asked you to provide advice on the following transaction. She is considering importing a luxury vehicle with a customs value of $80,000, before GST. There will be additional importation costs of $5000, including GST. The vehicle will be 100% business use. She is unsure whether this purchase will occur in the 2021 financial year or the beginning of the 2022 financial year

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