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Financial 5% GST payable to property agent?, Is this implemented?
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TSvnishimura
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Jul 4 2010, 07:26 PM, updated 16y ago
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New Member
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Need to know when we dispose our property thru property agents, according to the agents, there is a 5% GST Fee which we have to pay. I have not heard or read in the papers about this. Need forumers views to enlightened me about this.
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TSvnishimura
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Jul 4 2010, 07:42 PM
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New Member
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Yes my property is more than 5 years. But why does the agent insist I need to pay? It's not property gain tax. This is govt service tax on top on the 2 % commision paid to the property agent.
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TSvnishimura
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Jul 5 2010, 09:08 AM
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New Member
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but according to SOLICITORS, This has not been implemented. Therefore I need to know must we pay the 5% GST? The agents are very witty these days, most of the time the 2% earners deposit will be kept by them but these days they keep 3% and before they return the 1% they deduct the 5% GST
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