Category Archives: Blog

Foreign Resident Capital Gains tax Withholding

Do you know about this new tax which has been introduced by the Australian Taxation Office on 1 July 2016?

Do you know that this is a tax that may affect all types of property transactions?

Please fee free to contact our office if you want to know more about this new tax by telephoning us on 0432 370 313 or send us an email to ua.mo1594278188c.ocd1594278188nared1594278188nallo1594278188h@nim1594278188da1594278188

Sale properties

Opening file, obtaining title search and plan, planning, council rates , building land tax, Vicroads and water rates certificates. Preparation and review of Contract of Sale and section 32 statement, emailing a copy of the Contract of Sale and section 32 statement to the agent and sending hard copies also. Perusing Transfer of Land and preparing Goods Statement and forwarding these documents to client/s for signing and return. Completing Discharge of Mortgage form and forward to client/s for signature and return. Faxing signed discharge of mortgage to mortgagee in readiness for settlement. Checking Statement of Adjustments. Booking in settlement with all parties. Providing check details to the purchaser’s representative. Attending settlement. Reporting to client’s after settlement. Preparing Notices of Disposition and forwarding to the relevant authorities. All necessary attendance, correspondences, advice and photocopies.

Professional costs

Professional costs include: opening file, attending to searches and enquiries, review of contract, preparation of Transfer of Land and forwarding to client’s for signature, providing a copy of the Contract of sale and signed transfer of land to lender, preparation of Caveat and lodging at Land Titles Office, forwarding signed Transfer of Land to vendor’s representative in readiness for settlement, preparing Statement of Adjustments and forwarding Statement of Adjustments to the vendor’s representative for their perusal, booking in settlement with lender and providing lender with cheque breakdown and booking in settlement with vendor’s representative, arranging for settlement, reporting to client/s after settlement, preparing notices of acquisition and forwarding to relevant authorities, all necessary attendances, correspondence, advice, photocopies, etc.