GST withholding and the sale of land
CPD Seminar - 09 May 2018
Event Pass Information
Summary
Summary
Do you act for vendors or purchasers of “new residential premises” or “potential residential land”?
A new GST withholding regime comes into effect on 1 July 2018. Do you know:
• Will the purchaser have a withholding obligation at settlement, and if so,
for what amount?
• How is the withholding obligation complied with?
• Will the vendor need to provide the purchaser with a withholding notification
prior to settlement?
• Do amendments need to be made to the sale of land contract?
• What happens if the purchaser fails to withhold when it should?