It is often the case that buyers and sellers in property transaction do not think to engage a lawyer until after they have secured a contract of sale. The obvious reason for this is an avoidance of legal costs. The other reason is that sellers are generally of the view that they know all about […]
On 29 March 2018, in a bid to strengthen compliance with GST Laws, the Government made changes to the GST remittance rules affecting property sales. Effective 1 July 2018, the new GST regime requires purchasers of newly constructed residential properties or potential residential land (i.e. new subdivisions) to withhold the GST amount and remit it […]
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