property

Foreign Resident Capital Gains Withholding and ATO Clearance Certificates

From 1 January 2025, all Sellers, whether an individual or non-individual company or trust, must provide an Australian Taxation Office Clearance Certificate to the Buyer, failing which, the Buyer is responsible to ensure that 15% of the purchase price is paid to the Australian Taxation Office at settlement.

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Law, Property Law,
pair of glasses sitting on paper

Deeming Conditions – why they’re best avoided!

If you have ever purchased anything by contract, be it your home, an investment property or a business, you will probably be familiar with due diligence conditions (“DD Conditions”) .   In basic terms, a DD Condition gives a buyer a certain amount of time (usually a period of say 14 days after the contract

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Business Law, Law, Property Law, ,
signing a legal document

Should you obtain a Building Records Search when buying a house?

If you are looking at buying a house, you should strongly consider arranging for a Building Records Search to be ordered from Council, as soon as possible after you enter into the Contract ( it can take up to 10 business days to receive the results of this search from Council ).  This search will

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Law, Property Law,