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  • GST at settlement forms

    We have changed the way we collect goods and services tax (GST) on some property transactions.

    Purchasers of new residential premises or potential residential land who are required to withhold part of the purchase price for payment to us must submit the following online forms:

    You or your representative can submit form one at any time after a contract has been entered into and prior to the date the withholding obligation is due. Usually the withholding obligation will be due on the settlement date but if the contract is an instalment contract it will be due on the date the first instalment is paid.

    You can submit form two at the time the withholding obligation becomes due, either when the first instalment is paid or at settlement, or as soon as practical thereafter.

    If you engage a representative you need to complete a signed declaration and send it to your conveyancer or solicitor so they can lodge the two forms on your behalf.

    Under a standard land contract, you will be required to pay the withholding amount to us on the day of settlement. In an instalment contract, payment is due at the time the first instalment (other than a deposit) is paid.

    When you make a payment ensure you include your payment reference number.

    See also:

      Last modified: 16 Aug 2018QC 56542