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Tag: Real Estate

Commercial and Industrial property tax reform from 1 July 2024

For those investing in commercial or industrial property, you may or may not be aware that Commercial and Industrial property is moving from land transfer duty (also known as stamp duty) and landholde...

First Homebuyers - Navigating the purchase of your first home

Buying your first home is an exciting time, but it can also be challenging if you don’t know where to start. Understanding the home buying process and real estate terminology can be difficult. And, wi...

Inheriting property and Capital Gains Tax (CGT)

When inheriting a property, there are many elements that need to be taken into consideration. One of the most common questions is around Capital Gains Tax (CGT). Inheriting Residential Property When i...

Off-the-plan stamp duty concessions

Currently, first home buyers and owner-occupiers can access a stamp duty concession when they buy off-the-plan, allowing construction costs to be deducted from the sale price when calculating how much...

Owner Builder Works and Selling a Home

An owner-builder selling their home within six years and six months of completing the building work has certain responsibilities. An ‘Owner Builder’ is someone who takes responsibility for domestic ...

What is a Section 32 Vendor Statement?

Before a property is sold, you must give the buyer a Section 32 statement. This document is usually prepared by your legal practitioner or conveyancer. The reason it is called a Section 32 statement...