The Federal Government have recently announced that it will require purchasers of newly constructed residential properties or new subdivisions to remit the GST directly to the Australian Taxation Office (ATO) as part of settlement. These Laws will be effective from 1 July 2018 and it will require your Solicitor or Legal firm undertaking your buying …
Buyers to Adjust and Pay GST for Purchase of new Properties Read More »
CAN YOU REPLACE AN EXECUTOR ONCE THE TESTATOR/TESTATRIX (THE PERSON MAKING THE WILL) HAS PASSED AWAY In short the answer to the question is, it is not possible to amend a Will after the testator has passed away. This is to be distinguished from alteration of a Will for a person who fails testamentary capacity. …
Treatment of Capital Gains Tax in Family Law Property Settlements. There can by many circumstances in which capital gains tax is considered or may be likely or may require contemplation when as part of a property settlement an investment asset is included in the asset pool to be distributed between the parties. Capital gains tax …
When you suffer an injury arising as a result of a motor vehicle, work place or any other type of accident you have certain limitations and restrictions that are imposed upon you as to when you are able to issue proceedings. There are of course specific limitations in reach of the relevant legislation including for …
How to treat legal costs in a property settlement can be a critical issue which can derail property negotiations and a cause for further anxiety. Ordinarily each party must pay their own legal costs. There are however provisions in the Family Law Act 1975 (as amended) that can give you an opportunity to seek legal …
A property division in accordance with the Family Law Act 1974(the Act) requires the Court to assess the contributions of the parties both financially and non-financially to the acquisition improvement and maintenance of the matrimonial property. Ordinarily contribution to the property pool can only be maintained when the parties are together and physically making those …
A new edition of the Contract of sale has been produced for sales of residential houses and land. It is the 11th edition of the contract which has been approved by the Queensland Law Society and the REIQ. The differences to the prior edition include; 1. Changes to the deposit and the deposit holder to …
Ensuring that your estate (your house, unit, land, shares or property) passes to the person intended or that you receive your entitlement to an inheritance can be troubling issues. There are a number of steps that you can take to either protect your inheritance or ensure that your estate passes to those intended; 1. The …
You and your former spouse may have spent weeks or maybe months negotiating backwards and forwards in respect of children, property or both issues and after you have done “the hard yards”, the process surely to formalize your agreement should be straightforward. Unfortunately to formalize the process involves one of two complex processes. There are …
When times change, people change and directions in life may alter, a relationship breakdown can be and usually is a traumatic and heartbreaking life experience. In addition to the emotional turmoil that is suffered, there are then the practical considerations as to what happens to the house I’m living in, what happens with the motor …
