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GST withholding on new residential premises

Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 (the Bill) was introduced to Parliament on 7 February 2018. When enacted, it will change the GST law to require purchasers of new residential property to withhold GST on the purchase price and pay that amount to the ATO. The Bill has made a number of significant changes from exposure draft legislation released for comment in late 2017. 

Click the download PDF button on the right to view the changes. 


Authors

PAYNE-mark-highres_SMALL
Mark Payne

Partner

JEWELL Rhys SMALL
Rhys Jewell

Head of Tax

Heran Kim

Special Counsel


Tags

Tax

The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication.

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