Property Law

New GST Withholding Laws in Australia

On 1 July 2018 the new GST withholding regime relating to new residential premises or potential residential land transactions came into effect. The regime requires the buyers of new residential premises or potential residential land to account to the Australian Taxation Office (ATO) for GST included in the purchase price.

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First Home Buyer’s Grant – $20,000

First home buyers in Queensland are now eligible for a $20,000.00 Government grant. This is a $5,000.00 increase to what was previously offered to first home buyers. The grant is now known as the First Home Owner Grant and is an initiative by the Queensland Government to assist

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