Get started
Home
>
>
What is GST withholding?

FAQs

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 are the requirements for RCDs and smoke alarms?
The Electricity Regulations 1947 (WA) require sellers of residential properties built after 1 January 2000 to install at least 2 residual current devices (RCD’s) in……
read more
FAQ
What is penalty interest?
The standard O&A provides that if for any rea Most contracts allow each party 3 business days grace after the settlement date during which they……
read more
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……
read more