DEPOSIT BONDS – PITFALLS

DEPOSIT BONDS – PITFALLS

Sometimes a purchaser does not have sufficient cash to pay the usual 10% deposit when purchasing a property. While there is sometimes the option to pay lesser deposit, a deposit bond can provide an alternative. The deposit bond is effectively a policy document that...

FOREIGN RESIDENT CAPITAL GAINS WITHHOLDING

There have been changes to the “Foreign Resident Capital Gains Withholding” (“FRCGW”) rules. FRCGW first applied to vendors disposing of certain taxable Australian property under contracts entered into from 1 July 2016.   New rules for FRCGW apply to vendors of...
SUPPORTING FIRST HOME BUYERS

SUPPORTING FIRST HOME BUYERS

The NSW Government is set to introduce a new package to improve housing affordability for first home buyers. For first home buyers, this package will: Abolish stamp duty on all homes up to $650,000 Give stamp duty relief for homes up to $800,000 Provide a grant of...
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