Income tax Dates
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JAN 28AIM instalments are due if you file GST monthly and have a March balance date.
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FEB 9End-of-year income tax and Working for Families bills are due, unless your tax agent has an extension of time to file your income tax return.
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MAR 2Provisional tax payments are due if you have a March balance date and use the ratio option.
If you’re in the property business, you may need to register for GST and charge it on your property sale.
When GST applies
Generally, you do not charge, pay or claim GST when you buy and sell property, even if a property sale is taxable.
However, GST applies if you’re GST-registered and the sale is part of your GST-registered business’s taxable activity.
This applies to both residential and commercial property sales.
When you may need to register
You may need to register for GST, and charge it on property sales, in any of these situations.
- You're in the business of buying, selling, developing or building property.
- You have a pattern of buying and selling properties.
- Your turnover (all your supplies from your taxable activities except GST) is more than $60,000, including the property sales.
Learn more about turnover and when you need to register for GST.
Get tax advice
When you buy a property, make sure you already know if GST will apply when you eventually sell it, as mistakes with GST can be expensive and hard to fix. We recommend you speak with a tax professional.
Our property tax guide
For more information and examples, read our guide.