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  • When to submit the forms

    Form one: GST property settlement withholding notification form

    The purpose of Form one: GST property settlement withholding notification is for the purchaser to advise us that they have entered into a contract for the supply of new residential premises or potential residential land on which there is a withholding obligation.

    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.

    Form two: GST property settlement date confirmation form

    The purpose of Form two: GST property settlement date confirmation is for the purchaser to confirm settlement date. When Form two has been processed, this fixes the withholding liability on the purchaser's account.

    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).

    This form should not be submitted before settlement.

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

    You are only required to submit one set of forms for each property transaction.

    If however, any details have changed since submitting either of the online forms, you will need to contact us.

    See also:

      Last modified: 26 Oct 2018QC 55781