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settlement agency in WA

What is GST Withholding? How Does It Impact Buying/Selling?

GST withholding Impacts Buying Selling

In the traditional property conveyancing process, be it in Perth or any other area in Australia, the property developers have in the past, shied away from paying the Goods and Services Tax (GST) to the government. However, with eConveyancing becoming the norm, the federal government seeks to put an end to this practice by enacting the policy of GST withholding. Announced in the federal budget of May 2017, the policy of GST withholding aims at ensuring compliance of GST rates by the property dealers, purchasers or settlement agents in Mandurah and other places while selling/purchasing properties. According to this policy,…

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Everything You Need to Know About Electronic Conveyancing

electronic conveyancing

As we slowly but gradually move to an online era, which is becoming paperless, there is now a process to make conveyancing electronic as well. In fact, the conundrum surrounding electronic conveyancing finally comes to an end as it is being mandated from December 1st. If you are still not sure about electronic conveyancing, here is an article explaining the same. Keep reading to learn more about electronic conveyancing. What is Electronic Conveyancing? Conveyancing is defined as the law which deals with the preparation of all documents for the transfer of property from one owner to another. This is the…

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