GST Article – Ho, Ho – Oh! More Withholding Obligations
It is expected that Federal Parliament will deliver a “GST legislative parcel” after the current festive season, but in time for the new financial year. This note outlines the proposal for purchasers of certain properties to remit GST that is payable by their vendors. It highlights some matters for consideration when purchasing/selling relevant land.
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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.