Get help calculating GST obligations for property

Disclosure Statement: Durand Financial Services Pty Ltd and its advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. General Advice Warning: The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances.

(ATO)
4 November 2021

We’ve updated the GST property decision tool to help buyers, sellers and lessors determine their GST obligations for real property transactions.

The tool will help when buying, selling, or leasing real property including:

  • new, existing and potential residential and commercial land
  • vacant land
  • farmland.

You can use the tool to determine:

  • the GST you will need to pay
  • the GST withholding amount the purchaser will need to pay us
  • if you are eligible for GST credits
  • if GST-free supplies apply
  • if you’re eligible for the margin scheme.

Remember, a registered tax professional can give advice about the GST treatment for any property transactions.

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