Property Law

Choosing the Best Property Ownership Structure for You

By NB Lawyers | March 15, 2019 | 0 Comments

When two or more people own a property together, there are three main ownership structures they can choose from; Joint tenancy;Tenancy in common; or Trustee. It is important to know which structure is best for you to ensure you get it right the first time and avoid additional costs. Joint Tenancy Joint tenancy is one…

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New GST Withholding Laws in Australia

By NB Lawyers | October 17, 2018 | 0 Comments

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

By NB Lawyers | October 11, 2018 | 0 Comments

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

By NB Lawyers | June 19, 2018 | 0 Comments

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?

By NB Lawyers | September 8, 2017 | 0 Comments

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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