The way GST is collected on sales of newly constructed residential properties or newsubdivisions will change from 1 July.
As part of the sales process purchasers will be required to remit the GST directly to the ATO as part of the settlement process.
The seller will be responsible to inform their solicitor of their obligations and they will inform your solicitor who will be responsible for withholding the GST amount and remitting it to the ATO.
