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
If there is a mortgage registered on the title of the property you are selling, you are responsible for discharging the mortgage at settlement……
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All local authority rates, Water Corporation rates, strata levies and land tax (outgoings) for the current year will be apportioned between the buyer and……
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The Australian government requires people who buy residential property from non-tax residents to withhold 15% of the purchase price and pay it to the……

Our plain-English guide Buy your dream home without the drama has practical advice to help you complete the purchase of your new home.