Property Hunter Magazine Issue 64 2015 | Page 118

BANKING AND INVESTMENT NEWS $₤ € BANKING & $ INVESTMENT Projection For Property Market 2015 homebuyer is not required to pay GST in transacting the same but the developer still pays GST for all the supplies and services during construction that are all recognized as standard rated supply. As the developer will not be absorbing the GST by compromising its profit, the same will indirectly pass on to the eventual homebuyer. NEWS 2 The banking and investment industry has a crucial role to play when it comes to &