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GST Withholding: What to Pay the ATO on Settlement
GST at Settlement From 1 July 2018, a withholding amount from the contract price is required to be paid on settlement to the ATO, if the purchase is of: New residential premises are those that: Rationale The rationale for the withholding obligation was
What happens if the Purchaser of a property cannot complete on time?
Both the Vendor and the Purchaser of a property are required to complete/settle the sale/purchase of property transaction in accordance with the contract. In most contracts, completion is forty-two (42) days after the contract is entered into. However, what
How to Terminate an Off The Plan Contract?
What is an Off The Plan Contract? In New South Wales, it is common practice that properties are advertised and sold before the building has been constructed. This is known as purchasing a property ‘Off The Plan’. Purchasing a property ‘Off The Plan’
Purchasing an Off The Plan Property?
What is an Off The Plan Property? In New South Wales, it is common practice that properties are advertised and sold before the building has been constructed. This is known as purchasing a property ‘Off The Plan’. Purchasing a property ‘Off The Plan’
Did you purchase an off-the-plan apartment?
It is common practice that apartments are sold without having a registered subdivision plan or an issued occupation certificate. How does that work? A subdivision plan allows the owner to build apartments, duplexes, centres, etc. The Developer is not required
Dissipation of assets
This article is intended to provide some guidance as to what happens when you’ve separated, and before any agreement has been reached, your former spouse sells property from under you. This article applies equally well to anyone who is contemplating doing