GST withholding obligations (by purchasers) have applied to the supply of certain land, since 1 July 2018, but pre-1 July 2018 contracts could now come within the net, as part of the transitional rules (‘grandfathering’ provisions) expires on 30 June 2020. On 4 June 2020, the Law Institute of Victoria warned their members, about this potential trap, which may not have come to the attention of practitioners. No doubt there are other organisations doing the same.

See below for further details.

[Tax Month – June 2020]

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