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  • Information for purchasers and their representatives

    If you are purchasing new residential premises or potential residential land you will be required to withhold an amount of the purchase contract price (or price of the supply) and pay the withheld amount to us.

    Your conveyancer, solicitor or real estate agent should be able to assist you with the property conveyancing process and gathering the information required to:

    • submit Form 1: GST property settlement withholding notification online prior to settlement to obtain a PRN and LRN
    • submit Form 2: GST property settlement date confirmation online to confirm settlement has taken place
    • make the payment of the withheld amount to us.

    However, those representatives are not able to provide GST advice unless they are a Registered Tax or BAS Agent.

    If you are unsure of the correct GST treatment of the property purchase you are making, it is recommended you seek advice from us, or your tax professional to avoid unintended consequences.

    Note: A guide for purchasers and their representatives will be available from late May 2018.

      Last modified: 15 May 2018QC 55431