Hi All, We've recently come across the opportunity for a property transaction where the buyer pays a higher price for the property (as long as bank valuer report is sufficient), then gets the loan amount approved and the seller gives a "cashback" or "rebate" amount of money back to the buyer to use toward the property development. I've heard of this done in a smaller manner e.g. $7000 by residential estate developers to off the plan buyers, but a what about a larger transaction equating to around e.g. $30K? I was told there would be a separate invoice by the company (with GST) and billed toward landscaping contribution or similar. Anyone heard or done something similar or have a comment? Tam
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