From 1 July 2018 buyers of new residential properties / land may be required to withhold an amount from the contract price and pay that amount directly to the ATO. The amount a buyer must withhold and pay to the ATO is: 1/11th of the contract price (for fully taxable supplies); 7% of the contract price (for
There is usually no cooling-off period when buying at auction. If you are the successful bidder, you will have to settle even if: The property doesn’t pass inspections You change your mind You can’t afford it If you are the successful bidder, you must sign a contract immediately (and pay the deposit). There are very
Preparing a Will is important in any Succession Plan as it determines how your assets are to be divided upon your death or incapacity.
Not having a Will, or poorly prepared or out of date Will, could result in the assets you own or control not passing through to the people you intended to benefit from them. If you have prepared a Will it is important that it is reviewed regularly to ensure it is current, especially where: there