Categories for Advice

11/8/2020
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Subdivider concession application REMINDER RevenueWA wishes to remind all landowners that applications for the subdivider concession close    31 August 2020. Early lodgment of the application form will ensure we can consider the concession when issuing assessments. Important The subdivider concession is a one-year concession from land tax. For the 2020–21 tax year, the concession applies to qualifying residential lots that were subdivided between 1 July 2019 and 30 June 2020. Owners of these lots can pay land tax (and metropolitan...

Home Building Grant Schemes

5/8/2020
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General Update The contract date and commencement time frames are for the construction part of the schemes. The purchaser must have entered into the off-the-plan sales contract between 4 June 2020 and 31 December 2020. Commonwealth Building must commence after 4 June 2020 and within 3 months after the building contract date (extensions of 3 months will be considered where the reasons for the delay are outside the control of the parties to the contract). State

New type of Title, what is a Leasehold scheme, Title, and Reversionary interest

27/5/2020
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The introduction of the new Strata Title Act Amendment has led to the creation of Leasehold Schemes and Titles in WA. A leasehold scheme includes a subdivided underlying title with a reversionary interest and leasehold strata titles. A Leasehold Title is a portion of the subdivided land that acts the same as a freehold parcel for the duration of the leasehold scheme (20-99 years). Reversionary interest relates to the right of the owner of the underlying title. It allows them...

Buying & Selling in a Pandemic

17/4/2020
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Property Tips Buying & Selling in a Pandemic While buying or selling a property may not be high on everyone’s “to-do list”, there are many reasons and circumstances why property will continue to be bought and sold in the coming weeks and months. For the time being property professionals along with the government agencies who support the transfer of property are all open for business. If you are looking to buy or sell here’s what you need to know… Sellers...