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  • Information for purchasers and their representatives

    You will have a withholding obligation if you are the recipient of a taxable supply, by sale or long-term lease of either new residential premises, or potential residential land included on a property subdivision plan and you provide any of the consideration (other than a deposit) on or after 1 July 2018.

    There are exclusions to the withholding obligations.

    Note: residential premises cease to be new residential premises if they have been used solely for renting for a period of at least five years since they were constructed.

    You will be required to withhold an amount from the price and pay the amount to us.

    Your conveyancer or solicitor should be able to assist you gather the information you require to:

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

    Conveyancers are not able to provide GST advice unless they are a registered tax or BAS agent.

    If you authorise a representative to lodge the forms on your behalf then you are required to provide them with a signed declaration.

    See also:

      Last modified: 08 Aug 2018QC 55431