GST on property?
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 Mar 26 2010, 08:15 PM, updated 16y ago
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#1
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Junior Member
44 posts Joined: Jul 2007  
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heard from a sales agent says that recently the transaction on buying property had been huge because May 2010 onwards, gov will incure 5% GST on all property buying. meaning if your house is supposed to cost you 300K, now it will cost you 315K after implementation of 5% GST. this sound scary. is that true?
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Mar 26 2010, 08:28 PM
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#2
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Junior Member
44 posts Joined: Jul 2007
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QUOTE(steamboat @ Mar 26 2010, 08:23 PM) 5% GST base on agent commission or what? no, not commision. it's the property purchasing price. |
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