It has become an increasing problem to ensure that clients have adequate ID documents in matching names in order to complete conveyance and finance transactions.
Property
New Queensland HomeBuilders Grant
turned_in_notBuilding and Construction, Conveyancing, Coronavirus, COVID-19, Homebuilder Grant, Homeowner, Pandemic, Property, Renovations
Building a new home or completing substantial renovations? You may be eligible for the Federal Governments new HomeBuilders Grant?
Land tax relief for Residential and Commercial Landowners
The Queensland government has committed to a $400 million land tax relief initiative to help both landowners and tenants affected by COVID-19.
Changes to Paper Certificates of Title
From 1 October 2019, paper Certificates of Title will be of sentimental and historical value only and will no longer need to be deposited when a property dealing is lodged.
Important changes to the Foreign Resident Capital Gains Withholding Tax Regime
On 9 May 2017, the Government announced changes to the Foreign Resident Capital Gains Withholding (FRCGW) tax threshold and tax rate.
Stamp Duty Concessions transferring Family Farms
From 1 July 2016, changes to the Duties Act 2001 (Qld) (“the Duties Act”) have expanded the existing family farm stamp duty concessions available for transfers of property on which a business of primary production is conducted, between relatives. Prior…
New Capital Gains Tax (CGT) withholding regime from 1 July 2016
From 1 July 2016, purchasers who enter into a Contract for the sale of an interest in Australian land with a market value of $2 million or more will be required to withhold and pay 10% of the purchase price to the Australian Taxation Office (ATO) on account of the seller’s potential CGT liability unless the seller obtains a clearance certificate from the ATO and provides it to the purchaser on or before settlement.
The Future of Conveyancing – Online Settlements
Lawyers and banks will soon be attending property settlements without leaving their desk, with the assistance of the web-based program PEXA (Property Exchange Australia Limited) now operative in New South Wales, Victoria and Western Australia with limited use currently in Queensland.
Co-Ownership of Property
Co-ownership of Real Property Where there is co-ownership of real property the parties will hold the property as either joint tenants or tenants in common. For purposes of the Property Law Act 1974, if there is no evidence of an…
New Rules regarding Foreign Investment in Australian Property
turned_in_notForeign Investment, Property
Recent developments to rules regarding foreign investment in Australian property signal a tougher Government stance, providing for greater scrutiny of foreign investment in Australian property and tougher penalties for non-compliance.
News
The “Bank of Mum and Dad”
Michael White
Making a Will – What is an Executor and what do they have to do?
What happens if you die without a Will?
The Importance of Completing a Pre-Settlement Inspection
Queensland Legislation Permits the Identity of an Accused to be Publicised
Buyer Beware – Failure to Pay Your Deposit on Time May Lead to Termination of Your Property Contract
