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

Trade Secrets

Foreign Buyers Duty Surcharge

10/10/2018
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CIRCULAR 17 DUTIES ACT 2008 Foreign Buyers Duty The Duties Amendment (Additional Duty for Foreign Persons) Bill 2018 (‘the Bill’) was second read into Parliament on 13 June 2018. The Bill operates to amend the Duties Act 2008 (‘Duties Act’) to impose additional duty on certain transactions involving foreign persons or entities acquiring residential property in Western Australia.These amendments are subject to the passing of the Bill by Parliament and the granting of Royal Assent. The changes are proposed to come into effect on 1 January...

Federal Budget 2018

5/10/2018
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For the most part there are very few changes in the 2018 Federal Budget targeting the property industry. Some interesting points of note include: Property owners who leave vacant land undeveloped, otherwise known as “land banking”,  will no longer benefit from tax incentives Home buyers, particularly first home buyers looking to create a deposit for purchasing a home will be able to store their savings in their superfund tax free. Australians over the retirement age can now access the equity in...

GST Withholding Bill – new residential properties and subdivisions – expected 1 July 2018

2/9/2018
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The GST on property transactions measure has been introduced, as schedule 5 to the Treasury Laws Amendment (2018 Measures No. 1) Bill 2018.To recap:The 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. The measure will require the purchaser of newly constructed residential properties of new subdivisions to remit the GST...

Duties Lodgment and Assessment changes

16/8/2018
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Duties document lodgment and assessment form As part of the Office of State Revenue’s strategy to increase our digital services a new duties document lodgment and assessment form will be available on our website from Monday 20 August 2018.The new form will replace the carbon copy form previously used to lodge documents with the Commissioner for a duty assessment.The new form must be completed by all lodging parties who lodge transactions for immediate assessment at the public counter, and to lodge...

DMc – A1 Conveyancing Won it again

19/7/2018
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A1 Conveyancing is Settle-brating Top Community (Nationwide) Winner Award 2nd year in a row! Ranked Gold Sponsor Status!Who is better equipped to handle your e-settlement!?!?! Source:https://community.pexa.com.au/t5/PEXA-Community-Blog/Community-Turns-Two/bc-p/11125#M126

The Moving Man

13/7/2018
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AICWA Member BenefitThe Moving Man and AICWA are teaming up to provide your clients with an outstanding offer.Moving Man are able to offer a 10% discount to your clients on a pre-pack and relocation service* of household goods. *Minimum conditions apply. Refer to the offer HERE. Moving Man is happy to attend to any of your members queries regarding their company and services. Alternatively, members can check our credibility by referring to their 5 star rating on ‘Product Review’ HERE. Source:13th July 2018 AICWA...

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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