Consider the following proposal in conjunction with the ABA’s proposed Investment Custody Account that would allow consumers who purchase investments to transfer those investments into a trust or similar account and thereby become eligible to claim credit for the input tax on such purchases. Homeowners would be allowed to put newly purchased homes into investment custody accounts. The trustee could rent to the owner at a market rent. The trustee would get full input credit and refund after purchase, but would collect and pay over to the government the VAT on each rental payment. Is this proposal analytically sound? Is it workable?