Keep­ing you up-to-date with the lat­est legal devel­op­ments, leg­is­la­tion changes and case precedents.

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The GST with­hold­ing régime starts July 2018 — A look at the trans­ac­tions to which it will apply

The new GST ​‘with­hold­ing’ régime for sales of new res­i­den­tial prop­er­ties and vacant res­i­den­tial lots will apply from 1 July 2018 onwards. WHY The changes are an anti-avoid­ance mea­sure to pre­vent devel­op­er com­pa­nies from sell­ing prop­er­ties for a pur­chase price that includes GST and then dis­solv­ing their busi­ness before they are liable to…

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