A new Federal Government initiative, effective from 1 July 2018, enables those selling their home to contribute up to $300,000 into super (and where this is a couple, up to $300,000 each). Although it is referred to as ‘downsizing contributions into super’, after the... Read More
In recent years, the government has reportedly written off $1.6 Billion in lost funds from the practice of ‘Phoenixing.’ Phoenixing is a practice where a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying... Read More
As settlement of your conveyancing transaction draws towards completion you can expect to receive a settlement statement from Tetlow Legal which sets out the balance due at settlement once adjustment for rates, levies, rent, reports and the like have been accounted... Read More
Article current as at 1 July 2016 In February this year new ‘withholding’ tax legislation was introduced in order to assist with the collection of foreign residents’ Australian tax liabilities. From 1 July 2016 the new foreign resident capital gains withholding tax... Read More
Has a family member asked you to provide a guarantee for their home loan or personal loan? If so, you need to be clear about your obligations under a contract of guarantee. What is a guarantee? If a lender is concerned about a borrower’s capacity to repay a loan or... Read More
Mr Fluffy Homes & the NSW Voluntary Purchase and Demolition Program The NSW Government, like the ACT, is implementing a voluntary scheme to address the issue of loose fill asbestos in NSW homes. Its program however offers affected home owners two options to choose... Read More
