I understand you can invest your self managed super in an aircraft that can be used to convey you to your place of employment, somewhat like a car, how this can be used to offset GST is beyond me. An accountants opinion would seem obvious and there are a few who post here as are people I know that have their aircraft self managed as part of their super. I'm thinking the GST could be written off as well as depreciation. But why would you buy one from overseas just now when the $ is around .70c. Buying an Australian aircraft second hand usually doesn't involve a GST unless the vendor has claimed it for his business. Interesting subject and worth talking about.
Last edited by Frank Arouet; 6th Sep 2015 at 01:43.
Reason: Don't get between the ATO and a bucket of money. Just pay the GST.