Andy replied to the topic GST on existing Property in the forum Legal & Accounting 8 years, 1 month ago
Terryw, thanks again for your prompt response! Yes, if it’s not applicable, just to be sure, I will strike out the clause on all copies of the COS that I sign. I really appreciate your help with this issue. Kindest Regards, Andy.
-
Andy replied to the topic GST on existing Property in the forum Legal & Accounting 8 years, 1 month ago
Terryw, thanks for your reply. When u say “If the property is subject to GST then you would have to pay the vendors 10% extra”, when would a property be subject to GST? Everything I’ve been reading is indicating that the only properties subject to GST are new properties which have just been built and never lived in before, does that sound correct…[Read more]
-
Andy started the topic GST on existing Property in the forum Legal & Accounting 8 years, 1 month ago
Hello All, I am new so apologies in advance if I don’t make sense or if the details of my question are vague. I’m about to purchase an investment property (to be rented) which is an existing residential property that’s about 40 years old or there abouts. It’s a normal house, nothing odd, nothing special and as far as I understand, this is a…[Read more]
-
Andy started the topic GST on existing Property in the forum Legal & Accounting 8 years, 1 month ago
Hello All, I am new so apologies in advance if I don’t make sense or if the details of my question are vague. I’m about to purchase an investment property (to be rented) which is an existing residential property that’s about 40 years old or there abouts. It’s a normal house, nothing odd, nothing special and as far as I understand, this is a…[Read more]
-
Andy started the topic GST on existing Property in the forum Legal & Accounting 8 years, 1 month ago
Hello All, I am new so apologies in advance if I don’t make sense or if the details of my question are vague. I’m about to an investment property (to be rented) which is an existing residential property that’s about 40 years old or there abouts. It’s a normal house, nothing odd, nothing special and as far as I understand, this is a “normal”…[Read more]
-
Andy became a registered member 8 years, 1 month ago
Total Members: 158,380
