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In starting with a brief refresher, stamp duty is the land transfer tax. It’s calculated based on a home’s open market property value.
The number isn’t a set percentage or fixed rate but is calculated on a sliding scale. Stamp duty varies throughout Australia, but here are the standard costs
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Even before the pandemic, Australia was an attractive prospect for overseas investors. After all, our country has been blessed with a stable political environment, strong institutions, plentiful natural resources and a strong economy which, until only recently, had experienced 30 years of uninterrupted growth.
As a result, foreign money poured
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With the Commonwealth Government deficit at its highest level since World War II and as the COVID-19 pandemic continues to cripple the Australian economy and stifle federal tax collections, we will inevitably see a significant increase in revenue collecting activity undertaken by the Australian Taxation Office (ATO).
One way it
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New rental laws in Victoria that are part of long overdue reforms come into effect at the end of March. The reforms set minimum standards for rental properties, together with a host of other changes.
A total of 132 reforms were originally set to come into effect on 1 July
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Although businesses have the responsibility to keep their tax obligations up to date, it sometimes happens that, due to unforeseen circumstances, they are not able to pay the tax owed to the Australian Taxation Office (ATO).
The most important thing here is that businesses should not ignore the tax debt
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You love your small business and you may have even built it from nothing. What happens now that you have decided to move on to pastures new?
The question of whether the sole director of a company can resign their post, leaving their company without a director, is one which
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The Sutton Laurence King team has been hand selected for their expertise and ability to formulate creative, practical legal solutions for your business.
Need advice or assistance with a legal matter?
Get in touch with our team for an initial discussion without the legal jargon, and with up-front
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We work with you to achieve outcomes, focusing on open communication and being available when you need us.
Our aim is to provide clear and concise communication, to be up-front and flexible with our fee structure if necessary, whilst dealing with your legal issues with a minimum hassle.
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Take the legal hassles out of your life. Here at Sutton Laurence King Lawyers, we know that your business is your priority. That’s why we take care of your legal concerns with creative approaches that are both simple and easy to understand. Contact us today to see how we can
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Sometimes situations can change within an instant and it is difficult to determine the best course of action. Getting the advice of an experienced legal team can save you and your business in more ways than you think.
If you’re in need of our services get in touch with
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Our lives have never been the same. Right now, it is difficult to ascertain and understand your rights as a business owner, landlord or home owner.
As a team of highly trained professionals, we understand all the diverse aspects involved with changes in the law. In fact, we make it
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Our experienced team works closely with liquidators and businesses to find the best solutions to insolvency issues.
Get in touch with our team to find out how we can assist you with your business’ legal issues. Link in bio.
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Here at Sutton Laurence King Lawyers, we ensure that our clients needs are met both expeditiously and efficiently. Therefore, we were thrilled to assist Nathalia with property conveyancing services, as her subsequent recommendation is certainly a testament to the result provided.
The post Update from Sutton Laurence King Lawyers appeared
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Get assistance with the sometimes complex problems related to corporate entities with our commercial, practical approach to your legal and business issues.
Our services include Contract Advice, Business Advisory, Mergers & Acquisitions, Purchase and Sale of Businesses, Commercial Agreements, Incorporating New Entities as well as Franchises.
Visit our website
This post was originally published on this site
Get assistance with the sometimes complex problems related to corporate entities with our commercial, practical approach to your legal and business issues.
Our services include Contract Advice, Business Advisory, Mergers & Acquisitions, Purchase and Sale of Businesses, Commercial Agreements, Incorporating New Entities as well as Franchises.
Visit our website
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Property development options are an increasingly popular way to buy real estate in Australia. That’s because they can help you get your foot in the door of a great development opportunity when you might not necessarily have all the funds in place.
But what exactly are property development options? And
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The Retail Leases Amendment Act 2020 (‘Amendment Act’) made a number of changes to the rights and obligations of both landlords and tenants under the Retail Leases Act 2003 (‘Act’).
Landlords and tenants should be aware of the following changes, which came into effect on 1 October 2020, unless otherwise
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You have decided like the majority of Australians that it is time buy your own home. But what do you do next, where do you start, who should you speak to.
Purchasing a house is the single largest investment that most people will ever make. As such and before you
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Anyone buying or selling property is required to enter into a Contract of Sale.
The Contract of Sale in the context of a property transaction is the single most important document. It sets at the rights of the parties and provides the parameters or a map as to how the
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In any property transaction, such as the purchase and sale of property, the real estate agent plays a prominent and central role. They represent the seller and are responsible for the facilitation of the sale process.
As such a fiduciary relationship exists between the real estate agent and seller. This