Super fund property sale anguish

This article was published in this month’s edition of the Law Society Journal of NSW. Your clients Betty and Bruce recently called to say that their self managed superannuation fund was selling a residential property and to request that you prepare a...

Stamp duty and mortgage duty

On 11 May 2016 amendments were made to several NSW state revenue Acts. First Home – Owner Grant Scheme This scheme is available to first home buyers who purchase or build a new home. A new home includes a substantially renovated home. The definition of...

Legal update for owner-builders

Legal Update for Owner-Builders New laws, the Home Building Amendment Act 2014 and the Home Building Regulation 2014, concerning owner builders have been in place for just over a year. If you are planning a renovation to your property this year make sure you...

Periodic lease – a lease that never ends

One of the expenses involved in transferring business real property to a SMSF is to ensure a lease is in place for market value rent. SMSF leases are usually for a term of between 1 and 3 years and often include an option to review. Leases therefore have to...