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Property agents want sellers to pay GST on fees

Published on Jul 13, 2013 8:17 AM
 
Prospective buyers and property agents queuing to check out the list of units at Bedok Residences on 23 Nov 2011. Agents are now urging regulators to take a stronger stand by forcing consumers to pay up.-- ST FILE PHOTO: RAJ NADARAJAN

A FLAT is about to be sold, and both sides are happy with the price.

But right at the last minute, the seller - who is supposed to pay tax on the property agent's commission - refuses to do so, bringing the deal to a standstill.

The only way out, agents say, is to absorb the goods and services tax (GST). Increasing numbers of them have been taking this step.

Now, the agents are urging regulators to take a stronger stand by forcing consumers to pay up.

 
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