Jane and Shirley have full time employment in Wellington. They have an apartment overlooking the harbour in Wellington and enjoy the culture of the city. However, they are also yearning for greener pastures and are looking at purchasing a villa in the Wairarapa on 15 acres of land. The property they are looking at is priced at $640,000 including GST. Jane and Shirley have spoken with the bank and decided they can only really afford the property if they are able to claim the GST back from the IRD on the purchase price. Over the next five years, Jane and Shirley intend to continue working in Wellington and will spend the weekends developing the area around the house and garden in Wairarapa. During this time, they will lease the excess land (14 acres) to a local farmer for grazing. When they retire and move permanently to Wairarapa, they intend to cancel the lease and work the land themselves. Longer term, they have visions of growing lavender on the property, making lavender oil and selling soaps at farmers' markets in their retirement. Jane and Shirley have come for you for some tax advice. Required a) Advise Jane and Shirley as to whether they are able to claim back the input tax on the purchase of the property. Please provide technical support for your advice. (6 points) b) Regardless of your answer in (a), advise Jane and Shirley of the ongoing consequences of being a registered person for GST purposes. In particular, consider any revenue derived from the land, the consequences of any change in use of the land and selling the land. (4 points)