The goods and services tax (“GST”) was introduced by federal legislation enacted in 2000.
JMA Legal has been instrumental in advising clients about the GST ramifications of all types of property transactions.
GST is a tax levied on the supplier/vendor/seller on the sale of a taxable supply. If GST is not addressed prior to contracts being entered into unwanted consequences may flow. For example the supplier may have to pay GST from the sale proceeds, or the purchaser may have to pay an additional 10% GST on top of the purchase price that they didn’t know about.Click here to enquire about GST