GST & CGT withholding on property disposals

GST & CGT withholding on property disposals

In recent years, the Australian Taxation Office has introduced two new regimes which apply when selling real property in Australia. The first was the capital gains withholding rules which apply to property sales entered into from 1 July 2016. The second was the GST withholding regime, introduced from 1 July 2018. Although not new, the rules and requirements can be confusing. Below is a snapshot of what you need to know when considering selling property moving forward.

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