Managing Agent GST

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mojorising
Member
@mojorising
Join Date: 2010
Post Count: 28
January 3, 2011 - 1:41 pm
Does your property manager charge GST on top of the management fee?
If so does it have to be explicitly stated in the rental agreement or is it OK for them to charge this without explicit prior disclosure after agreement is in place?
QLD
duckster
Participant
@duckster
Join Date: 2004
Post Count: 1,674
January 3, 2011 - 9:38 pm
It does not need to be stated in the rental agreement.
The tax law is that the rental manager is charging you for a service and as a result the rental manager by Tax law must collect the Goods and Services Tax of 10% of the service charged on behalf of the Tax Office.
It would be nice if they had reminded you of the GST additional cost but they don't legally have to,
also a lot of other companies or businesses forget to quote GST and they quote a price exclusive of GST.
P.S I didn't vote for the GST ! Also insurance will have a GST.
The worst one is GST on Fuel Excise as this is a TAX on a TAX which by the GST Tax law is not suppose to happen.
But the reason is Fuel excise is regarded as not being a tax by our politicians.
Scott No Mates
Participant
@scott-no-mates
Join Date: 2005
Post Count: 3,856
January 4, 2011 - 1:42 am
the gst would be noted on your management agreement. It is payable regardless of your gst status.
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
January 4, 2011 - 11:02 am
mojorising wrote:
Does your property manager charge GST on top of the management fee?
Yep. And a few dollars for petties, postage and other little nasties that spring up from time to time.
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
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Mortgage Broker assisting clients Australia wide Email: [email protected]