PROPOSED CHANGES TO GST WITHHOLDING ON NEW RESIDENTIAL PREMISES, WHO IS MAINLY AFFECTED BY CHANGES?
Once the Treasury Laws Amendment (2017 Measures No. 9) Bill 2017 has been enacted, the responsibility for paying GST on certain real estate transactions will shift from developers to purchasers. From 1 July 2018, purchasers of new residential premises or land within a subdivision in Australia may need to remit part of the purchase price … Continued