Tag Archives: long term leases

Are you ready? New GST withholding rules to apply to residential sales from 1 July 2018

From 1 July 2018, a new regime will require recipients of taxable supplies of certain new residential premises or potential residential land to withhold 1/11th (or 7-9% if the margin scheme is applied) of the unadjusted, GST inclusive contract price.

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