New GST Legislation Here comes yet another change in our industry processes (just because we haven’t had enough changes in the last 12 months to get our heads around!) Although this ruling will not come into effect until 1 July 2018, we should be across this new gst legislation early. What’s the current process for GST? The current process is if there is GST applicable
Investors happy with off-the-plan opportunities The recent State Budget updates have left most South Australian investors and home buyers relieved with many incentives to buy off-the-plan apartments. To start, State Government has advised that stamp duty concessions are being extended for another 12 months to 30 June 2018. The concession, however,
From 1 January 2018 foreign purchasers of residential land are required to pay a 7% surcharge in addition to stamp duty being paid at settlement. Who is classed as a foreign purchaser? A foreign person is someone who is NOT an Australian citizen or a holder of a permanent visa. New Zealand citizens who do NOT hold a special category visa are also deemed a foreign
