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  1. Terry_w

    GST on old resendtial unit sale

    Because the vendor wants to cover his **** just in case there is GST - meaning he is not sure.
  2. Terry_w

    GST on old resendtial unit sale

    But there is still a special condition saying you will wear any GST? If I was your lawyer I would explain the risks and let you make an informed decision. It may be very unlikely that GST doesn't apply, but no guarantee.
  3. Terry_w

    GST on old resendtial unit sale

    The reason they are refusing to amend it is probably because the vendor or his/her/its conveyancer doesn't understand GST. Its probably a lawyer as most conveyancers would know the GST clauses (but maybe not fully understand them). The vendor wants to cover his butt.
  4. Terry_w

    GST on old resendtial unit sale

    Try Subdivision 40-C--Residential premises
  5. Terry_w

    GST on old resendtial unit sale

    What does your lawyer say? (probably see: "ask your accountant":)) Look at the GST Act for the answer. http://www.austlii.edu.au/au/legis/cth/consol_act/antsasta1999402/
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