Residential contracts of sale include a 3 day cooling off period. It's important to understand what this means and the timeline involved.
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Normally when you inherit a property you won't need to pay stamp duty but there are some situations where you may.
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It is important to know correctly what property you own and what you do not before making your will.
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Settlement is no longer a mystery.
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Agreements which appear imbalanced at first sight will likely need quality supporting documentation for a judge to approve the agreement.
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Online conveyancing settlement is now a reality.
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Property held as tenants-in-common or with joint ownership are treated differently upon your passing. One is part of your estate, the other isn't.
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When selling your property you will need to provide a "Section 32". This is a legislated document containing important information for your prospective buyers.
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The Victorian Premier has recently announced changes that will free up the amount first home buyers can spend by reducing the stamp duty on their first home purchase.
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It is common in property settlements for one party to transfer at least some of their assets to the other. At times, in very specific circumstances, the courts may order otherwise.
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Nobody likes surprises and when the emotions of a property sale are running high unexpected conditions to the contract of sale can cause unwanted friction. Be up-front with the conditions and everything will be smoother.
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This is the second of two articles on GST and property transactions. This time Joshua Ennis covers the sale of a commercial business as a going concern and farming land.
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Nobody wants to pay more tax than they have to, and when many of us are used to buying and selling our homes without GST, we might not give it a thought when we buy to renovate and sell onwards. In this first of two articles on GST and Property we take a look at the Margin Scheme.
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