Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
Land Tax no longer adjustable The proposed amendments to the Sale of Land Act 1962, Property Law Act 1958 and Windfall Gains Tax Act 2021 prohibit settlement adjustments for land tax or an existing WGT liability between a vendor and purchaser in all contracts for the...
This month I am talking about running your business. Do you have a credit contract? Do you have terms and conditions when you sell product? Do you use the PPSR to protect your business goods? Lastly do you have the ABN for the businesses you are doing business...
Victorian Crime Statistics Agency recorded 88,214 ‘family incidents’ in 2019–20 and a massive cost is born by government, individuals and their families and the community at large. Did you also know that earlier this year, changes to legislation were made to cover...
Last month I gave a snapshot into NSW 2 lot subdivisions. This month we do Victoria. Two lot subdivisions are exempt from many of the legal requirements placed on larger owners’ corporations “OC’s”. For example: If your OC has two lots, you do not have to: Take out...
