Research / ATO advice on GST at settlement

ATO advice on GST at settlement

In response to continuing questions in relation to the obligations of suppliers and purchasers on the sale on new residential premises and potential residential land, the ATO has advised the following:

GST at settlement – what to do during COVID-19 closedown

We understand it’s a difficult time for you, your office and your clients and want to update you about GST at settlement procedures during COVID-19 for buying or selling new residential property or land:

If settlement has fallen through or the settlement date has been changed, please ensure you contact us to cancel or amend your forms, see How to amend or cancel your forms.

See also:

To find more information about the relief options and measures available to you and your clients, see COVID-19


To ask UDIA NSW a question or to let us know more, please use the form below:

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