Purchasing a commercial property can be a good
investment.
However, before purchasing a commercial property, you should
consider the following costs that you may need to pay in addition
to the purchase price:
Goods and Services Tax (GST)
In the event that the vendor is liable to pay GST, it is common
practice for the vendor to require the purchaser to remit payment
of the vendor's GST liability.
Not all commercial transactions are subject to GST. It depends
on the vendor's circumstances as to whether or not GST
applies.
Stamp duty
Stamp duty is assessed on the price that you have offered to pay
for the property plus GST, in the event that the vendor is liable
to pay GST.
