Another step in the process - GST withholding obligations commence 1 July 2018.4 April 2018 | Real Estate and Commercial Law
The legislation introducing GST withholding obligations for buyers of new residential properties has now passed both houses of parliament. As a result, buyers will be required to withhold and pay GST to the ATO, commencing from 1 July 2018. Contracts...
More property sales to be caught by foreign resident CGT laws23 May 2017 | Real Estate and Commercial Law
The Federal Government’s crackdown on foreign residents not paying CGT is set to expand following the budget announcement that the relevant threshold for withholding will drop to $750,000 from 1 July 2017. This means, procedurally at least, more...