Transferring property to a spouse can involve important legal and financial considerations. If you plan to transfer property to a spouse, it may seem like a simple process. However, property transfers must still comply with legal requirements, tax rules and Titles Office procedures. A property solicitor helps ensure the transfer is handled correctly. They explain…
Stamp duty, also known as transfer duty, is a state government tax payable whenever property changes hands in Queensland. Whether you’re a first-time buyer or an experienced investor, understanding how stamp duty in QLD works is essential for budgeting and avoiding unexpected costs during your property purchase. This guide explains how stamp duty is calculated,…
Buying a property off-the-plan means entering a contract to buy a home or apartment that hasn’t been built yet. The purchase requires a deposit, and is based on developer’s plans, and drawings of how the property might look once it’s built. There are several benefits to buying off-the-plan, including more time to prepare for settlement,…
Are you considering buying a business? It’s a big decision, and you want to make sure you’re making an informed choice. At GLG Legal Springfield, our commercial lawyers can help guide you through the due diligence process to identify any potential risks and ensure you have all the necessary information about the business. Owning a…
What Are the Key Tax Benefits of Investment Properties? There are several ways to reduce your tax bill when it comes to your investment property portfolio. We’ve covered a number of these in an earlier blog post but let’s take a deeper look at how you can offset your other income through an investment property….
A tenancy agreement is a legally binding written document that must be used whenever anyone is renting a home from you – even if that person is a friend or family member. Why Tenancy Agreements Are Important The agreement outlines the legal rights and responsibilities of the property owner and the tenants, and it applies…
Buying your first home is an exciting milestone and some recent changes in Queensland are aimed at making that achievement even easier. The State Government has brought in several changes to help make home ownership more accessible and affordable. What Are the New Changes? The reforms include: No stamp duty on homes up to $700,000….
Buying or selling a property can be pretty exciting, but it is not as simple as you hope it might be. The procedure can be complicated, from finding the right property on your budget to processing all the documents needed. For your transaction to be successful, you need to understand all of the details involved—even…
There are several ways to reduce your tax bill when it comes to your investment property portfolio. The Australian Taxation Office (ATO) requires all landlords to keep records of the date and cost of purchasing the property; any rental income to report with your annual tax return; and any expenses you’re claiming in relation to…
Buying or selling a property can be pretty exciting, but it is not as simple as you hope it might be. The procedure can be complicated, from finding the right property on your budget to processing all the documents needed. For your transaction to be successful, you need to understand all of the details involved—even…
