Show download pdf controls
  • GST property settlement online forms and instructions

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

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

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

    Failure to submit these forms on time may result in penalties being imposed.

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

    See also:

    When to complete each form

    Step 1: Complete Form one GST property settlement withholding notification

    When to submit: You can submit Form one any time after the contract has been entered into and you have received written notification. Form one can be submitted any time up until the due date for payment of the withholding amount. Usually that will be the settlement date but if the contract is an instalment contract it will be the date the first instalment is paid.

    It's best to wait until you have received a withholding notification from your supplier.

    Step 2: Complete Form two GST property settlement date confirmation

    When to submit: You can submit Form two at the time the withholding obligation becomes due, in most instances this will be at settlement, or as soon as practical thereafter (that is, within the next business day).

    Under an instalment contract submit Form two when the first instalment is paid.

    Step 3: Make the payment

    When to pay: In most instances you must make the payment to us at settlement.

    Under an instalment contract the payment must be made to us when the first instalment is paid.

    On this page:

      Last modified: 26 Oct 2018QC 55781