Do you pay stamp duty when buying off the plan?
Stamp duty is payable on the market value of consideration paid for a property (whichever is higher), However, there are some stamp duty concessions available to off-the-plan purchases.
Stamp duty is payable on the market value of consideration paid for a property (whichever is higher), However, there are some stamp duty concessions available to off-the-plan purchases.
Property purchased through a self-managed super fund cannot be lived in or rented out to any fund member or their relatives. This includes short term accommodation such as Airbnb and holiday homes. The Superannuation Industry (Supervision) Act 1993 further prohibits the acquisition of property from fund members or their relatives, so you cannot transfer your existing investment property to your self-managed super fund.
Sale of business is different to commercial conveyancing, although it can be undertaken by an experienced conveyancer if their licence is unrestricted. While commercial conveyancing usually relates to the transfer of the freehold estate and ensuring the leases and GST clauses properly reflect the client’s intentions, sale of business relates to the purchase of stock or goodwill, and the transfer of a trading name or domain name.