The Conveyancing details layout has been updated to provide for Residential Withholding Tax payments on both sale and purchase matter types. The “RW payment amount” will auto-calculate, based on the completed purchase price, for all items within the drop-down list which includes:
- Fully taxable supply
- Margin scheme
- 10% of GST exclusive market value
When “10% of GST exclusive market value” applies, complete the “GST exclusive amount” to enable the “RW payment amount” to auto-calculate.
To compliment these changes, the GST Withholding notification date has been added to Critical Dates in Calendar & Tasks for both sale and purchase matter types. For more information on setting Critical Dates appointments and Tasks, visit LEAP Communities.
Feedback can be provided on these improvements here.