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  • GST property settlement online forms and instructions

    Important update: Due to a major system upgrade over the Christmas and New Year break, purchasers will be unable to lodge Form one or Form two from 6.15pm 24 December – 6.00am 2 January 2020. If a property settles over the break:

    • Form one and Form two lodged before the break – make payment during the break to the ATO using the payment reference number (PRN) received from Form one. You will receive email confirmation after 2 January, but there may be some delays.
    • Form one lodged before the break – make the payment during the break to the ATO using the PRN received from Form one. Lodge Form two as soon as feasible on or after 2 January. Once the payment and Form two are processed you will receive your email confirmation, but there may be some delays.
    • No forms lodged – don’t make the payment during the break. Lodge both forms as soon as feasible on or after 2 January and make the payment with the PRN received from Form one.

    Most purchasers of new residential premises or potential residential land are required to withhold an amount from the contract price for payment to the ATO.

    Purchasers that are required to withhold must complete and lodge two online forms:

    • Form one: GST property settlement withholding notification
    • Form two: GST property settlement date confirmation.

    If you are purchasing multiple properties, you will need to lodge new forms and make withholding payments for each property transaction.

    A purchaser can authorise a representative to lodge the forms on their behalf, for example a conveyancer or solicitor, by giving them a signed declaration.

    If you are a property supplier, you are not required to lodge these online forms.

    Note: We check our records against land titles information on property transactions. Failure to lodge forms or pay on time may result in penalties being imposed.

    Steps to complete and lodge forms

    Note: Only access the online forms from this webpage. You may experience issues in lodging the forms if you try to access the forms in another way.

    Step 1: Complete and lodge Form one:

    Form one: GST property settlement withholding notification
    • Form one is for the purchaser to advise us that they have entered into a contract and have a withholding obligation.
    • Complete and lodge any time after the contract has been entered into and you have a written notification from your supplier, up until the due date for payment of the withholding amount (this is usually settlement or first instalment date).
    • Refer to How to complete Form one

    Step 2: Complete and lodge Form two:

    Form two: GST property settlement date confirmation
    • Form two is for the purchaser to confirm settlement date with us, and attaches the withholding liability onto the purchaser's account.
    • Under a standard land contract, complete and lodge this form either:      
      • within two business days before settlement
      • on the day of settlement
      • on the next business day after settlement.
       
    • Under an instalment contract, complete and lodge this form when the first instalment is paid.
    • Refer to How to complete Form two

    Step 3: Make the withholding payment to us

    • Under a standard land contract, make payment on the day of settlement.
    • Under an instalment contract, make payment when the first instalment is paid.
    • Refer to How to pay the withholding amount

    If any details have changed since lodging either of these forms, you will need to phone us on 13 28 66 (Fast Key Code 3 4).

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      Last modified: 13 Dec 2019QC 55781