Well there is a lot of that getting around in Queensland, with the recent increases in property values. Even where property is owned by an individual, land tax is assessed on its unimproved value insofar as it exceeds $599,999, so this year there have been a number of people receiving bills for land tax because […]
From 1 October, 2022, Queensland’s residential tenancy law (contained in the Residential Tenancies and Rooming Accommodation Act 2008) has been amended in various ways, one of which significantly restricts the ability to terminate month to month tenancies. Previously, a month to month tenancy (called a periodic tenancy – which can either be a tenancy which […]
It is often the case that buyers and sellers in property transaction do not think to engage a lawyer until after they have secured a contract of sale. The obvious reason for this is an avoidance of legal costs. The other reason is that sellers are generally of the view that they know all about […]
On 29 March 2018, in a bid to strengthen compliance with GST Laws, the Government made changes to the GST remittance rules affecting property sales. Effective 1 July 2018, the new GST regime requires purchasers of newly constructed residential properties or potential residential land (i.e. new subdivisions) to withhold the GST amount and remit it […]
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