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A1 Conveyancing based in Joondalup & Osborne Park Perth Western Australia
Call Us At: 08 9300 9750

Trade Secrets

GST Withholding – buyer of newly constructed homes & new subdivision properties.

25/1/2018
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Makes me laugh that “the Federal Government will strengthen compliance” BY MAKING OTHER PEOPLE DO THEIR JOB!!!! Yet another coming tax trap for buyers of new properties. GST Withholding.From 1 July 2018, the Federal Government will strengthen compliance with the Goods & Service Tax (GST) law by requiring purchasers of newly constructed residential properties or new subdivisions to remit the GST directly to the Australian Taxation Office (ATO) as part of settlement. Under the current law (where the GST is included in...

Selling to someone who is Demolishing

17/1/2018
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Smoke Alarms DMIRS Bulletin #78 Smoke alarms in dwellings proposed for demolitionWestern Australia’s Building Regulations 2012 require owners of residential dwellings to have compliant smoke alarms installed prior to the sale, transfer of ownership, rent or hire of the dwelling.  Changes to the Regulations that come into effect on 22 January 2018 provide an exemption for owners who are transferring ownership to a person intending to demolish the dwelling.This means the current owner of a dwelling that is subject to transfer...

New laws impose new levels of extra work.

7/1/2018
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With the imposition of new laws there are new & additional new levels of work involved towards the completion of your property settlement. The Australian Taxation Office and their Withholding tax implications for Foreign Resident and also the New GST on Residence, may expose both the buyer and seller to new compliance requirements and possible penalties, however if you believe these might apply to your settlement please inform your Conveyancer immediately to action and avoid penalties accruing on your side....

Industry Report – Impacts of e-Conveyancing on the conveyancing industry

6/1/2018
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Deloitte Access Economics have delivered a paper on the “Impacts of e-Conveyancing on the conveyancing industry”. Current net benefit in WA is indicated as being in the negative, but future expectations for 2020-21, where usage increases to 100%, predicts a turnaround 400 times greater than the current benefit experienced by the industry.The cost to practitioners of having to abandon an electronic workspace is also estimated at $69, however, it was estimated that a practitioner could benefit from time saving of...

A1 Conveyancing takes out the top PEXA community contributor for 2017

18/12/2017
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Very proud to announce that Our Licensee Damien McDonnell (AKA DMc) is the winner Australia & State wide Top PEXA Community Super User Contributor for 2017. Our licensee Damien (DMc) Took out the Top Contributor Badge for 2017, as an avid community Super User (helper) he earned the below PEXA Community badges as well… Source: https://community.pexa.com.au/t5/PEXA-Community-Blog/On-the-Fifth-day-of-Community-Celebrating-2017-Community-Stars/ba-p/6752

Author, Damien McDonnell

BLOGGER

Damien McDonnell betrothed to my first true love & father to 5 fantastic little persons and one food obsessed beagle.

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