Another Withholding Regime to Impact the Conveyancing Process
From 1 July 2018, purchasers of new residential premises may need to remit part of the purchase price directly to the ATO. If there is more than one purchaser, and those purchasers are not joint tenants, then each purchaser is required to remit their respective proportion of the withholding amount. In an effort to ensure that all vendors pay GST when they sell new residential [...]



