Business Services Industry
Real estate financing and GST.
Australasian Business Intelligence, June, 2005
Content provided in partnership with
Jun 06, 2005 (Real Estate Journal of NSW - ABIX via COMTEX)
Awareness of goods and services tax (GST) rules is essential for the New South Wales property market. Parties to a real estate financing deal should be clear about whether GST is included in the stated sale price. Misunderstandings can occur regarding the loan-to-value ratio: if the borrower puts up less than 25 of the property's value, lenders often require them to provide additional security. The stated value should exclude GST.
Publication Date: May 2005
By Jon Denovan
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