Month: July 2018

GST Withholding Regime

GST Withholding Regime commenced on 1 July 2018

From 1 July 2018 the GST Withholding Regime requires purchasers of new residential premises and potential residential land to withhold a GST component (1/11th or 7-9% if the margin scheme applies) from the purchase price and remit it directly to the ATO. New residential premises are defined as property that has not previously been sold as residential property or […]
Read more

Subscribe Your Email for Newsletter & Promotion