Property Update - GST to Impact Buyers of New Homes

The Government has now released Exposure Draft legislation in relation to its Budget measure that will require purchasers of new residential premises or new residential subdivisions, to remit the goods and services tax (GST) on the purchase price directly to the Australian Taxation Office (ATO). The application date is 1 July 2018 with various transitional rules applying, including those in respect of property developments entered into prior to this date.

07 November 2017 National

Transparency of Tax Debts

Announcements were made by the Government (December 2016) allowing the ATO to disclose tax debt information of businesses to Credit Reporting Bureaus. Read on to see how this may affect your business.

06 November 2017 National
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