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I just got the confirmation my solicitor that the vendor has finally agreed to delete this special condition with regards to GST..sigh.. :) Thank you everyone for all your valuable feedback. Appreciate it !!!

Yeah, I am not sure why :(

Hi , I rechecked the contract and here is what it mentions (Checked) -The sale is not taxable supply because the sale is : 1)by a vendor who is neither registered nor required to be registered for GST 2)input taxed because the sale is of eligilible residential premise So, I think it...

Hi Dan, Thanks for your response. You seem to have raised a valid point here.. From the ATO website : Is the vendor registered for GST? GST can only apply to the sale of a property if the vendor is registered or required to be registered for GST purposes. As real property is generally supplied...

Thank you for your input. To my knowledge, 1. There are no renovations on the property. Most of the area are in original condition. 2. Vendor is a private owner and this unit was his PPOR prior to sale. 3. The last sale on the property was around 14-15 years back.

Thanks Terry. So from section 40-c Sales of residential premises (1) A sale of * real property is input taxed , but only to the extent that the property is * residential premises to be used predominantly for residential accommodation (regardless of the term of occupation)...

Hi Pinkboy, Thanks for your response but the purpose of this thread was to find out if there would be any GST implications in this case or not because that will help me decide my next course of action.

Hi Pinkboy, I already requested the clause to be deleted and he didn't agree that's why the thread

Hi Terry, Can you please point out section that I should look at?

No the vendor is not a company. He is just an individual.

Hi All, I need an urgent advice with my new PPOR purchase. I am purchasing a PPOR which is an established residential unit built around 1970. Will there be any GST applicable on this sale ? If yes, how much will be GST applicable ? The reason for my concern is, the sale contract has the...