Page 1 of 1
GST on agent's commission
Posted: Fri, 03 Aug 2012 11:23 am
by macaroonie
Quick question, is there 7% GST on an agent's commission?
Thanks
Re: GST on agent's commission
Posted: Fri, 03 Aug 2012 11:28 am
by nakatago
macaroonie wrote:Quick question, is there 7% GST on an agent's commission?
Thanks
I haven't checked lately, but yes.
Posted: Fri, 03 Aug 2012 1:39 pm
by sundaymorningstaple
Depends if the agent is self employed or part of a real estate firm that is GST registered.
Posted: Fri, 03 Aug 2012 2:27 pm
by macaroonie
They work for a registered real estate company
GST on agent commission
Posted: Wed, 05 Sep 2012 4:19 pm
by scotty12
Technically yes, but negotiate a flat rate with your agent. For one year lease they typically ask for half a months rent in commission - I negotiated 40% flat fee both times