In most contracts the purchaser of property has the right to do a final inspection in the week before settlement. The purpose of the final inspection is to ensure that the property and goods sold … [Read more...]
An example of when a director will be personally liable for a company’s debt
Those in business appreciate that having a company often limits an individual's personal liability. However there are some situations where a director of a company will be personally liable. One such … [Read more...]
Foreign purchaser stamp duty surcharge and discretionary trusts
Be warned that when purchasing property through a discretionary trust the foreign purchaser stamp duty surcharge may apply. It is common for discretionary trusts to have a wide definition of … [Read more...]
Update to the foreign purchaser stamp duty surcharge
In our blog published on 14 June 2015 we outlined the surcharge in stamp duty and land tax for foreign purchases of property in Victoria. From 1 July 2016 the stamp duty surcharge rate increased from … [Read more...]
Can a tenant list their home on Airbnb?
The Supreme Court has recently found that tenants who let out their St Kilda Apartment through the Airbnb website were in breach of their lease. This meant that the landlord was entitled to issue the … [Read more...]
Estate proceeds trust – what can be done to minimise tax if someone dies without a will leaving minor children?
You probably know that it is best to plan ahead and do a will and if appropriate ensure that your will includes a testamentary trust. However if someone happens to die without a will or with a will … [Read more...]