As of 1 July 2018, the Goods and Service Tax (GST) payable on land sales will be collected in a different way. It is important to note that the sale price of the land and amount of GST payable remains exactly the same. The GST component will now be collected separately under the GST Withholding Scheme.

Our GST Fact Sheet provides answers to some common questions on the scheme, such as:

  • I’ve bought a block of land after 1 July 2018 and I’m ready to settle. Who do I make my cheques out to?
  • How do I know how much to pay?
  • I don’t think this applies to me?
  • I’ve signed a contract for a block of land after 1 July 2018. What do I need to do?
  • How to pay GST on your land sales?