What is GST withholding?

If you are selling new residential premises or new residential land you must give the Buyer a notice advising whether GST is applicable to the sale. If GST is applicable, the Buyer must pay the GST to the ATO at settlement, not to you.

For more information on this scheme visit the ATO’s website.

More FAQs

FAQ

What is transfer duty and who pays it?

Transfer duty (formerly known as stamp duty) is a State Government tax payable by buyers of real estate calculated on the value of the property. You……

How are rates and taxes adjusted at settlement?

All local authority rates, Water Corporation rates, strata levies and land tax (outgoings) for the current year will be apportioned between the buyer and……