Changes to land tax in NSW – if you own less than 25% of your home, you will soon be liable for land tax
Currently in New South Wales, there is an exemption from land tax for land that you use and occupy as your principal place of residence (your home). There are some conditions, including that the exemption only applies to natural persons (not companies or trusts) and...
Unravelling property ownership: Joint Tenancy vs Tenants in Common
Particularly in our family law and estate planning matters, we find our clients grappling with the question “in what ownership arrangement is your property held?” Where more than one person is to be listed on title as an owner of a property, they must decide whether...
Law firms know best – why you should engage a legal practice to provide a holistic service on your next conveyancing matter
You might wonder whether you should engage a law practice or a conveyancer when buying or selling a property. Both solicitors and licensed conveyancers are trained and regulated professionals that are qualified to advise in relation to a sale or purchase of a home. The difference is that a solicitor can act and advise you in other areas of law, where a conveyancer is only licensed to act in property-related transactions. At Cheney Suthers, we can offer access to both solicitors and a licensed conveyancer, meaning that you do not need to take legal advice from any other firm during your property transaction.
Shared Equity Home Buyer Helper
On 23 January 2023 the NSW Government launched a scheme to assist single parents, single people over the age of 50 and key workers (such as nurses, midwives, paramedics, teachers, early childhood educators and police officers) to buy a property to use as their...
