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You have signed a contract to purchase a property but have not settled yet. You may not even have your finance approved yet, but you are told you should take out insurance!
For people buying residential property in Queensland, there are three main transfer duty concessions available. These are:
On 1 July 2018, changes to the Withholding Law under the Tax Administration Act came into effect. These amendments change the process under which GST is paid to the ATO on the sale of:
If you have not owned a home before and are thinking about buying or building a new home in Queensland, you may be interested to learn about the Queensland Government's first home owner grant.
What is a caveat? What is a caveatable interest? When does a caveat lapse?
Are you or a loved one are looking at moving into a retirement village?
Vendors and their agents need to be mindful of the need to pay goods and services tax when selling vacant land.