21/09/2026
β οΈ GST AND PROPERTY: MOST OF WHAT YOUβVE BEEN TOLD IS WRONG
π§ βCommercial property = GST applies.β
π§ βResidential = no GST.β
π€ βRural land is GST-free.β
β In practice, none of those statements is reliably correct.
GST on property transactions depends on the nature of the supply, the sellerβs enterprise, registration status, how the property is used, and critically the exact wording of the contract. Get it wrong and you can face unexpected tax bills, delayed settlements, or a price that suddenly looks very different.
WHETHER YOUβRE A BUYER, SELLER OR DEVELOPER, THE RULES AROUND:
π Existing vs new residential
π’ Commercial & industrial
ποΈ Property development
π The margin scheme
π Going concerns
πΎ Rural & farmland
πΈ GST withholding at settlement
β¦CAN COMPLETELY CHANGE THE ECONOMICS OF THE DEAL.
π Weβve broken it all down in plain English (with the practical traps most people miss):
https://www.maplawyers.com.au/gst-and-property-transactions-what-buyers-sellers-and-developers-need-to-know/
WHATβS THE BIGGEST GST SURPRISE YOUβVE SEEN IN A PROPERTY DEAL?
Margin scheme issues? Going concern failures? Withholding headaches? Contract wording that left someone exposed?
Share your thoughts below π