ContributionsMost RecentMost LikesSolutionsRe: Deductions from Settlement Payment Great, thanks Steven Deductions from Settlement Payment At the settlement of sale of a block of land, the amount deposited by the Settlement Agentincluded several deductions for Real Estate agent commission, land tax, Settlement agent fees, GST Withholding, water and land rates. The R/E and Settlement agents' fees included GST, which ended up in GST collected as the amounts were entered as negative when the receipt was entered in 'Receive Money'. Help please, how do I correct this? Many thanks Solved