With the Federal election in our mist and the war on budgets plastered all over the media you have probably heard a lot about the instant asset write-off changes. Finally the Treasury Laws Amendment (Increasing the Instant Asset Write-Off for Small Business Entities) Bill 2019 has officially been passed by the Senate, House of Representatives
From 1 July 2018, if you buy a new build residential property or subdivision of potential residential land, you will be required to withhold an amount representing the GST and remit it to the ATO. Why the change? Basically, it boils down to non-compliance by property developers. Prior to 1 July 2018, it was the
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