It is possible to do your own conveyancing, but it is not recommended unless you have the legal expertise and experience required to complete the process. Conveyancing involves complex legal procedures, and even a small mistake can cause significant financial and legal issues.
In 2017 the Tax Administrations Act 1953 (Cth) was amended to prevent foreign investors from selling property within Australia and moving proceeds offshore without paying Capital Gains Tax.
Vacant Residential Land Tax is a tax imposed by the Victorian state government on residential properties that are deemed to be vacant for a certain period of time. The tax is aimed at encouraging property owners to make their properties available for rental or sale in order to increase the supply of housing and reduce vacancy rates.
