--- title: ATO changing GST collection for some property transactions description: ATO changing GST collection for some property transactions --- - [![phone-icon](https://blog.fortunaadvisors.com.au/hs-fs/hubfs/Fortunaadvisors_October2019/Images/phone-icon.png?width=25&height=25&name=phone-icon.png) (08) 9240 4211](tel:%200892404211) - - - [![Fortuna Advisory Group](https://blog.fortunaadvisors.com.au/hs-fs/hubfs/Fortunaadvisors_October2019/Images/logo-advisory-group.png?width=236&height=48&name=logo-advisory-group.png "Fortuna Advisory Group")](http://www.fortunaadvisors.com.au/) - [Home](https://www.fortunaadvisors.com.au/) - Services - [Tax & Business Advisory](https://www.fortunaadvisors.com.au/tax-business-advisory/) - [Tax and Compliance Services](https://www.fortunaadvisors.com.au/tax-business-advisory/tax-and-compliance-services-2/) - [Bookkeeping Services](https://www.fortunaadvisors.com.au/tax-business-advisory/bookkeeping-services/) - [SMSF](https://www.fortunaadvisors.com.au/tax-business-advisory/smsf/) - [Business Planning](https://www.fortunaadvisors.com.au/tax-business-advisory/business-planning/) - [Buy/Sell a Business](https://www.fortunaadvisors.com.au/tax-business-advisory/buying-selling-business/) - [CFO & Company Secretary](https://www.fortunaadvisors.com.au/tax-business-advisory/cfo-company-secretary/) - [Estate Planning](https://www.fortunaadvisors.com.au/tax-business-advisory/estate-planning/) - [Foreign Business Planning](https://www.fortunaadvisors.com.au/tax-business-advisory/foreign-business-planning-2/) - [Management Accounting & Reporting](https://www.fortunaadvisors.com.au/tax-business-advisory/management-accounting-and-reporting/) - [Strategic Business Development](https://www.fortunaadvisors.com.au/tax-business-advisory/strategic-business-development-2/) - [Succession Planning](https://www.fortunaadvisors.com.au/tax-business-advisory/succession-planning/) - [Brokerage Services](https://www.fortunaadvisors.com.au/brokerage-services/) - [Business Finance](https://www.fortunaadvisors.com.au/brokerage-services/business-finance/) - [Commercial Property Loans](https://www.fortunaadvisors.com.au/brokerage-services/commercial-property-loans/) - [Equipment Finance](https://www.fortunaadvisors.com.au/brokerage-services/equipment-finance/) - [Home Loans](https://www.fortunaadvisors.com.au/brokerage-services/home-loans/) - [Motor Vehicle Finance](https://www.fortunaadvisors.com.au/brokerage-services/motor-vehicle-finance/) - [Financial Planning](https://www.fortunaadvisors.com.au/wealth-management/) - [Budgeting & Cashflow](https://www.fortunaadvisors.com.au/wealth-management/budgeting-cashflow/) - [Insurance](https://www.fortunaadvisors.com.au/wealth-management/insurance/) - [Investment Advice](https://www.fortunaadvisors.com.au/wealth-management/investment-advice/) - [Retirement Planning](https://www.fortunaadvisors.com.au/wealth-management/retirement-planning/) - [Strategic Business Planning](https://www.fortunaadvisors.com.au/wealth-management/strategic-business-planning/) - Legal - [Business Law](https://www.fortunalegal.com.au/business-law/) - [Wills & Estate Planning/](https://www.fortunalegal.com.au/wills-estate-planning/) - [Self-Managed Super](https://www.fortunalegal.com.au/superannuation/) - [Property Law](https://www.fortunalegal.com.au/property/) - [Settlements](https://www.fortunalegal.com.au/settlements/) - [Litigation (Court Cases)](https://www.fortunalegal.com.au/litigation-court-cases/) - About - [About Us](https://www.fortunaadvisors.com.au/about-us/) - [Our MD and Team](https://www.fortunaadvisors.com.au/about-us/our-md-and-team/) - [Careers](https://www.fortunaadvisors.com.au/about-us/careers/) - [What Our Clients Say](https://www.fortunaadvisors.com.au/testimonials/) - Community - [Resources](https://www.fortunaadvisors.com.au/resources/) - [Newsletter](https://www.fortunaadvisors.com.au/newsletter/) - [Blogs](https://blog.fortunaadvisors.com.au/) - [Make a Difference](https://fortunafoundation.org.au/) - [Contact](https://www.fortunaadvisors.com.au/contact-us/) # ATO changing GST collection for some property transactions by [Melvyn Gilbert](https://blog.fortunaadvisors.com.au/author/melvyn-gilbert) | Jun 25, 2018 | [Blog](https://blog.fortunaadvisors.com.au/tag/blog) As of the 1st of July 2018, those who purchase new residential premises or potential residential land need to withhold an amount from the purchase price and pay it directly to the ATO on or before settlement. Click here to read more about the transitional rules that apply and how the change may affect you. ### Let’s have a catch up!   [![bottomcontact](https://blog.fortunaadvisors.com.au/hs-fs/hubfs/Fortunaadvisors_October2019/Images/bottomcontact.jpg?width=292&name=bottomcontact.jpg)](mailto:info@fortunaadvisors.com.au)   ### Find Us ### Latest Blogs ### Please follow & like us - [![](https://blog.fortunaadvisors.com.au/hubfs/Fortunaadvisors_October2019/Images/default_facebook.png)](https://www.facebook.com/fortunaadvisors) - [![](https://blog.fortunaadvisors.com.au/hubfs/Fortunaadvisors_October2019/Images/default_linkedin.png)](https://www.linkedin.com/authwall?trk=bf&trkInfo=AQEeYgjD2BtZzQAAAWQsY22Yz8ld8DVK4dmMhyK7Zj0mYnxZj5-Tk1c8iSJ3KXIUTeW3j7bq1cQ9fQdhaHDOxFhAvWuWg7OIsom9Bj1ev_I8dVMxWLjGN56ev4mdC29pjkAq0SQ=&originalReferer=&sessionRedirect=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffortuna-accountants-%26-business-advisors%3Ftrk%3Dnav_account_sub_nav_company_admin) - [![](https://blog.fortunaadvisors.com.au/hubfs/Fortunaadvisors_October2019/Images/default_twitter.png)](https://twitter.com/fortunaadvisors/) - [![](https://blog.fortunaadvisors.com.au/hubfs/Fortunaadvisors_October2019/Images/default_youtube.png)](https://www.youtube.com/channel/UCLgA0a4tQ25F10bwyjQInGA) ![](https://px.ads.linkedin.com/collect/?pid=3610066&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Melvyn Gilbert", "url" : "https://blog.fortunaadvisors.com.au/author/melvyn-gilbert" }, "dateModified" : "2019-11-04T20:12:50.777Z", "datePublished" : "2018-06-25T11:27:58.000Z", "headline" : "ATO changing GST collection for some property transactions", "mainEntityOfPage" : { "@id" : "https://blog.fortunaadvisors.com.au/2018/06/25/ato-changing-gst-collection-for-some-property-transactions", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.fortunaadvisors.com.au/hubfs/Fortuna%20logo.png" }, "name" : "Fortuna Advisory Group" } } ```