Author Archives for admin

Land Tax Concession on Land Tax Payable for Subdivided Lots

10/8/2016
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FOR LAND CREATED DURING 2015-16 AND STILL OWNED AT 30 JUNE 2016Land Tax Assessment Act 2002 section 43A As at 1 July 2016 Section 43A of the Land Tax Assessment Act 2002 provides a concession for the amount of land tax payable on subdivided lots owned at 30 June each year.This concession allows subdividers to pay land tax and metropolitan region improvement tax on the lower undeveloped or englobo value of land holdings, rather than the full subdivided value of lots, for one year...


The “Next Step” A transition to paperless conveyancing

9/16/2016
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AICWA recently advised members of the decision by The Registrar of Titles Ms Jean Villani to introduce a change of lodgement processes by August 1st 2017.On August 1st this year, Landgate introduced changes to lodgement process affecting mortgagees, specifically, for the electronic lodgement of mortgages and discharges of mortgages (via PEXA).It is now envisaged that the next step towards paperless conveyancing is for the scope of eligible document types to be broadened so as to include: Transfers Caveats and withdrawals...


The Best just got better

8/18/2016
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Why does it matter that ‘A1 Conveyancing are a BETA tester for CSolutions Pty Ltd Software solution of Setts Plus’ and what does it mean to you? A1 Conveyancing like to be able to deliver you the best stress free settlement service possible in updating Real Estate property ownership for you. We often volunteer to test leading industry innovations like CSolutions advanced integration into PEXA (e-settlement) to remain at the forefront of Customer Service & Innovation. CSolutions ‘Setts Plus’ software is a Western...


Interested in listening, ‘Talking property’

8/16/2016
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‘Talking property’, link to previous POD cast including 6/8/16 talking about Title Insurance 🙂#‎A1Conveyancing‬ ‪#‎SettlementsWA‬ ‪#‎SettlementAgent‬http://www.6pr.com.au/news/talking-property-for-summit-homes-group-20160131-gmhwwf.html


Listed, Sold or buying a property market value of $2 mil. or over?-ATO clearance certificate is required!

7/26/2016
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Contracts dated 1 July 16 on wards, will have the new requirements on ALL transactions with market value of $2 million or over.  Unless the Seller provides an Australian Taxation Office (ATO) ‘clearance certificate’ for each registered proprietors name (matched to the title) to the buyer 2 business days prior to settlement (-timing subject to REIWA special condition).Then the Buyer must withhold 10% of the Purchase price (more specifically the ‘First element of the cost base’-Capital Gains Tax defined term)...


Strata Reform

7/5/2016
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Watch this presentation for an overview of the proposed strata reforms. The WA Government has given Landgate responsibility for delivering reforms to Western Australia’s Strata Titles Act 1985.The proposed reforms aim to provide more flexible and sustainable housing options to benefit developers, strata owners, investors, residents and tenants. They aim to improve the way strata schemes work but not to change current strata owners’ land titles and boundaries.Strata reform update April 2016Landgate has refined its original proposals released for public consultation,...