The Times Australia
Business and Money

Buying a renovated home? You could be up for an extra 10% GST, but it’s a grey area. Here’s a way to end the uncertainty

  • Written by Christine Peacock, Lecturer in Law, Federation University Australia
Buying a renovated home? You could be up for an extra 10% GST, but it’s a grey area. Here’s a way to end the uncertaintyCapturePB/Shutterstock

A home buyer usually does not pay goods and services tax (GST) on a home except if they buy a new home that has not been sold before as residential property. However, when a home that has been “substantially renovated” is sold, the buyer may have to pay GST. This can add 10% to the price of the home for the buyer....

Read more: Buying a renovated home? You could be up for an extra 10% GST, but it’s a grey area. Here’s a way...

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