GST on agent's commission

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macaroonie
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GST on agent's commission

Post by macaroonie » Fri, 03 Aug 2012 11:23 am

Quick question, is there 7% GST on an agent's commission?
Thanks

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nakatago
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Re: GST on agent's commission

Post by nakatago » Fri, 03 Aug 2012 11:28 am

macaroonie wrote:Quick question, is there 7% GST on an agent's commission?
Thanks
I haven't checked lately, but yes.
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sundaymorningstaple
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Post by sundaymorningstaple » Fri, 03 Aug 2012 1:39 pm

Depends if the agent is self employed or part of a real estate firm that is GST registered.
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macaroonie
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Post by macaroonie » Fri, 03 Aug 2012 2:27 pm

They work for a registered real estate company

scotty12
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GST on agent commission

Post by scotty12 » Wed, 05 Sep 2012 4:19 pm

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

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