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: Information provided in this article, while correct at time of publishing, is subject to change.