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Well I did wonder about that Dave.. It seemed so obvious that I figured the ATO would have something in place to spoil the fun... It's similar to a small startup business spending up on equipment to get set up, then claiming back the GST and de-registering.. If it's a common practice, then...

That's what I meant Scott, thanks.. I guess I'll now need to determine if it's worthwhile registering the business for GST so it can claim back this GST paid on the rent..

Hi All, I think the answer to this is obvious, but would appreciate another opinion.. My SMSF will soon buy a commercial property. The SMSF is registered for GST, but will only own the one property and the rent will be well below $75k/yr. My business will rent the property. The business...