GST – a far cry from the Perfect 10 and state taxes that slow growth.
We welcome you to our new look E-Zine (electronic magazine) and website which forever will identify our online points of difference. This latest online release is a defining moment within our industry and one that we obviously treat very seriously. Our electronic platform is an industry first where the customer also comes first. Please enjoy
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Without a doubt, the introduction of the Goods & Services Tax (GST) has seriously impacted on our markets and has definitely stymied property development and investment in housing. Some even refer to it as a Value Added Tax (VAT). The only problem is, that governments reap the financial benefits to the detriment of consumers. Banks are also reluctant to pursue mortgagee – in – possession (MIP) sales simply because they will have to pay GST on these forced sales. As stated previously, we have received just one instruction to act on a MIP sale in 2008.
