Latest News

Keeping you up to date

Changes to the way GST on the purchase of new residential premises or land is remitted to the ATO came into effect on 1 July. If you are the purchaser of new residential premises or land, you are now required to withhold part of the purchase price to submit to the ATO.  This applies even if you aren’t registered for GST or running a business!

There are two forms you will need to submit prior to settlement.  Your conveyancer should be up to date on this, but in case they’re not, then further details can be found here.

General Advice

The information provided by Bentleys (Sunshine Coast) Pty Ltd does not constitute financial product advice and is for general information only. It is written without taking into account any individuals personal objectives, situation or needs, and is not intended as professional advice. Any person acting upon such information without receiving specific advice, does so entirely at their own risk. Please contact your Accountant to discuss your personal situation before relying on this information.