The steps required to buy a residential property

The steps in buying a residential property are: 1. You must confirm your finances in writing before you start looking to buy. Your lender should be able to give you a letter indicating the amount the lender will lend you when you purchase subject to...

Proposed changes to the Duties Act

A bill has recently been introduced to Parliament (State Revenue Legislation Further Amendment Bill 2014 [2014]) that proposes a number of changes to the Duties Act 1997. If passed, amendments to section 62A are of note regarding property transfers to SMSF....

Risky risks management

Risky Risk Management Greg and Chloe come to see you about reorganising their business affairs. Chloe is about to become the director of a private equity company and is concerned about her personal liability. Various issues are discussed and various...

Trusts and UPE’s

Unpaid Present Entitlements owed by a Trust to a corporate beneficiary can be taxed in the hands of the Trust pursuant to Division 7A if the UPE arose after 16 December 2009 and has not been paid out. That is, if the Trust and corporate beneficiary form part...

Should you own your home as joint tenants or as tenants in common?

When two or more people decide to purchase a home together it is important that they consider how to take title to the property. The manner in which title is taken can affect their rights now and in the future. In NSW there are two types of tenancy, joint...

The steps required to buy a residential property

Proposed changes to the Duties Act

Risky risks management

Trusts and UPE’s

Should you own your home as joint tenants or as tenants in common?

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