Recorded Webinar: Show Me the Taxes! Understanding What Happens in the Contract of Sale

Signing the contract of sale for property can trigger a raft of tax processes and events which taxpayers and advisers need to be on top of. This session takes a multi-faceted approach to examine the tax issues that arise, including:

• GST withholding:

  • What’s included in new residential premises and potential residential premises?

  • What obligations does the purchaser have?

  • What obligations does the vendor have?

• Foreign resident capital gains withholding:

  • Which transactions are covered?

  • What obligations does the purchaser have?

  • What obligations does the vendor have?

• Foreign purchaser surcharge

  • Are all transactions over residential land covered? The state by state position

• Reviewing the contract clauses – what to look for