Property Law
Choosing the Best Property Ownership Structure for You
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…
Read MoreNew 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.
Read MoreNew 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.
Read MoreChanges affecting Queensland residential property buyers
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
Read MoreCould 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.
Read MoreAmendments 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.
Read MoreFirst 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
Read MoreAirbnb – Owners still have Rights to Evict a Tenant for Renting out Through Airbnb
A recent decision in the Victorian Civil and Administrative Tribunal (VCAT) determined that the owner of an apartment in Melbourne was unable to evict their tenant for subletting their apartment through Airbnb,
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