Forum Replies Created
Appreciate Terry for your help.
In such case do I need to let the purchaser to hold the GST and settle. They the pay the GST directly to the ATO?
I am not sure as an individual who negatively gears property on the PAYG by availing 50% CGG discount after holding the property for more than 1 year still require to pay the GST and how can I claim the GST credit and avail the 50% CGT discount on the land that I’ve bought it over two years ago.
Good Day,
I have a question on the GST. I have bought a block of land in a new residential estate and I want to sell it now. This is on my personal name and not a company or not registered for GST. The question is do I have to ask the purchaser to hold the GST portion and settle the remaining? If so how can I claim the GST back?
A couple of years ago, I have sold a vacant land in a brand new estate and did not paid GST on that but also availed 50% CGT discount.
What is the difference from now and then?Appreciate your advise.
Regards,
VenkatGood Day,
I have a question on the GST. I have bought a block of land in a new residential estate and I want to sell it now. This is on my personal name and not a company or not registered for GST. The question is do I have to ask the purchaser to hold the GST portion and settle the remaining? If so how can I claim the GST back?
A couple of years ago, I have sold a vacant land in a brand new estate and did not paid GST on that but also availed 50% CGT discount.
What is the difference from now and then?Appreciate your advise.
Regards,
Venkat
