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Buyers to Adjust and Pay GST for Purchase of new Properties

Buyers to Adjust and Pay GST for Purchase of new Properties

The Federal Government have recently announced that it will require purchasers of newly constructed residential properties or new subdivisions to remit the GST directly to the Australian Taxation Office (ATO) as part of settlement. These Laws will be effective from 1 July 2018 and it will require your Solicitor or Legal firm undertaking your buying …

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