If you earn commission as a real estate agent, GST is almost certainly part of your world. Once your turnover passes the registration threshold you must register, charge GST on your commission, and file returns on a regular cycle.
What you charge, what you claim
You add GST to the commission you invoice, and you claim back the GST on the business expenses you pay. The difference is what you pay to — or get back from — Inland Revenue each period.
- GST collected on your commission
- Less GST paid on vehicle, marketing, franchise fees and other business costs
- The net amount is filed and paid each GST period
The part agents get wrong
Commission income is lumpy. A strong month can leave a big GST bill sitting in your account that feels like yours — until the return falls due. The fix is simple: set the GST portion aside the moment you are paid.
With Realty AI your GST is calculated, reconciled and filed automatically — and we tell you exactly what to set aside, so a big month never becomes a nasty surprise.