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18 Apr 2019 GST on property settlements

MEMBER 61 writes: 

Hello TaxVine, 

A property developer client will soon be supplying new residential premises to purchasers. 

Some of those purchasers are required to lodge forms and make payment of GST amounts directly to the ATO at time of settlement. 

Some weeks later, we'll be preparing the BAS form/s for lodgment. 

Questions for ATO: 

  • Will the GST payments made by purchasers directly to the ATO be visible to us in the Integrated account in the portal or "Online Services"? 
  • If not included in integrated account, will we have visibility of some other tax account showing the amount/s paid to ATO by purchasers? 

I have tried searching ATO web pages and also calling ATO seeking answers to these questions, so far without success. 

Thanks for any assistance you can give. 

ATO response:

GST Property Credits is a new online function and is only available in Online Service for Agents. You cannot access GST property credit information in the existing agent portals.

For information about viewing GST Property Credits refer to the ATO online for agents GST property credits user guide and GST property settlement online forms and instructions.


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