If you die without a valid will, you die intestate and your estate is distributed (not according to your wishes) but pursuant to the statutory rules of intestacy. In other words, the State (not you) gets to decide who should inherit your estate. But do I need a will prepared by a trained and skilled professional when [...]
Buyers and Sellers of certain new residential property or residential land will need to be aware of recent changes to the collection of GST affecting contracts entered into on or after 1 July 2018. An end to ‘phoenixing’ for developers - changes to GST for new residential property The Status Quo Currently, GST on the [...]
Dealing with problems arising post-exchange The standard contract for the sale of land gives the purchaser the right to make aclaim for compensation against the vendor up to an amount equal to 5% of the purchase price. This right can be exercised by the purchaser before settlement, without the risk of the vendor being able [...]
In our last bulletin, we highlighted the dilemma facing vendors and landlords with respect to new swimming pool compliance laws affecting contracts for sale and residential leases scheduled to come into effect in April 2015. Under these new laws, anyone selling or leasing property with a swimming pool must include a Certificate of Compliance in [...]
