Property Law

Managing a Self-Managed Superannuation Fund – Penalties for Abuses by Trustee:

Managing a Self-Managed Superannuation Fund – Penalties for Abuses by Trustee:

A Self-Managed Superannuation Fund (“SMSF”) is a legal tax structure in Australia, with the sole purpose of providing for your retirement and they are used in place of paying your superannuation into a public fund. Administered by the Australian Tax Office (“ATO”), a SMSF can have between one and four members, with each member being a trustee of the fund.

Capital Gains Withholding - Impacts on Foreign and Australian Residents:

Capital Gains Withholding -  Impacts on Foreign and Australian Residents:

Foreign Resident Capital Gains Withholding (“FRCGW”) applies to the sale of residential property in Queensland by foreign residents, whereby a withholding tax of 12.5% is applied to the contract price of the property being sold.

Renting to Friends - Could you be your friend’s landlord?

Renting to Friends - Could you be your friend’s landlord?

Here’s an interest article our conveyancing solicitors recently stumbled across while researching property trends – ‘Young Australians rent to friends to afford mortgage’.

Thinking of Selling? - Prepare Your Home for a Winter Sale:

Thinking of Selling? - Prepare Your Home for a Winter Sale:

It used to be the case that the property market slowed in Winter as sellers waited to for Spring to put their property on the market, but with a warmer Winter this year, our conveyancing solicitors have also noticed a warmer property market, with there being plant of eager buyers looking to pick up a property.

Body Corporate Insurance – Is Your Investment Property Covered?

Body Corporate Insurance – Is Your Investment Property Covered?

With the apartment market on the Gold Coast and in Brisbane literally soaring to new heights at the moment, it’s important that if you own an investment property that it is adequately insured.

Changes for First Home Buyers in Queensland:

Changes for First Home Buyers in Queensland:

The Queensland State Government has recently announced changes to the grant available for first home buyers in Queensland, with the grant formally known as the ‘Great Start Grant’ being replaced with the ‘Queensland First Home Owners’ Grant’ from 1 July 2016.