New GST Withholding Laws in Australia

On 1 July 2018 the new GST withholding regime relating to new residential premises or potential residential land transactions came into effect. The regime requires the buyers of new residential premises or potential residential land to account to the Australian Taxation Office (ATO) for GST included in the purchase price.

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New Cladding Laws affecting Queensland Building Owners

Non-conforming cladding on buildings has become an issue after the Grenfell Tower fire in the United Kingdom in 2017. Australia had a similar incident (excluding the loss of lives) at the Lacrosse Tower fire in Melbourne in 2014.

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Changes affecting Queensland residential property buyers

Category : Articles, Property law

If you are buying a residential property in Queensland, you should be aware of the changes in additional foreign acquirer duty (AFAD) and the First Home Owners’ Grant in response to the 2018-19

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Could recent changes to the Foreign Resident Capital Gains Withholding Tax impact you as an investor?

In case you missed the news, the Taxation Administration Act 1953 (Cth) was amended on 1 July 2017 in relation to the foreign resident capital gains withholding (FRCGW) rate and threshold.

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Amendments to Retail Leasing in Queensland

Five years ago a review was undertaken of the Retail Shop Leases Act 1994 (Qld) and on 10 May 2016 the Retail Shop Leases Amendment Bill 2015 (Qld) was passed with amendments by the Queensland government.

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First Home Buyer’s Grant – $20,000

First home buyers in Queensland are now eligible for a $20,000.00 Government grant. This is a $5,000.00 increase to what was previously offered to first home buyers. The grant is now known as the First Home Owner Grant and is an initiative by the Queensland Government to assist

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