De Pasquale Lawyers in Leichhardt, New South Wales, Australia | Property lawyer

De Pasquale Lawyers

Locality: Leichhardt, New South Wales, Australia

Phone: +61 2 9560 3759

Address: 58 Norton Street 2040 Leichhardt, NSW, Australia

Website:

Likes: 121

Add/Update information

Reviews

Tags

• Estate planning solicitor
• Property lawyer
• Notary public

19.01.2022 ALERT FOR TRUSTEES OF DISCRETIONARY TRUSTS If you are a trustee or director of a trustee of a discretionary trust and you hold, or in the future intend to hold residential land in NSW, or if you have established a discretionary testamentary trust in your Will then the information below is CRITICAL for you to act on now. From 31 December 2020, a trustee of a discretionary trust will be deemed to be a foreign person unless the trust deed is amended prior to then specifically ...preventing a foreign person from being a beneficiary of that trust and the no amendment requirement is met. Implications if you do not comply Surcharge purchase duty will apply to properties purchased in the name of the trust (8%) Surcharge land tax will apply to property owned by you (2%) I know a lot of you have discretionary trusts and others have established testamentary discretionary trusts, therefore, it is imperative that you deal with these matters now and not wait until the eleventh hour in December when everyone is busy during the Christmas rush. Please contact us to prepare a Deed of Variation so that it complies with the legislative requirements and you are not stung with more land tax (as many of you would already be paying a lot of money in land tax) or more purchase duty if you intend to purchase a property (as I am sure we all agree that you already pay enough stamp duty when you purchase property). We look forward to helping you avoid inadvertently being deemed a foreign person for land tax and purchase duty purposes (02) 9560 3759.

17.01.2022 On 24 April 2020 the NSW Parliament passed the regulations for retail and commercial leases which give effect to the Mandatory Code of Conduct - SME Commercial Leasing Principles During Covid-19 protecting impacted lessees from eviction and legal proceedings being instituted. Please call us to find out your rights whether you are a tenant or landlord (02) 9560 3759

12.01.2022 The JobKeepers legislation passed both houses yesterday. See the link below for more information. I know many of you will appreciate the help at this difficult time. https://www.business.gov.au//coronavirus/jobkeeper-payment

03.01.2022 For the next week I will be happy answer all your questions about the current Covid-19 situation and how it might affect you and/or your business. No charge! DM me and I will do my best to help out in any way I can. Keep safe and well. Therese

02.01.2022 LAND TAX CONCESSIONS - COVID-19 Update: For those landlords providing rent relief to their tenants applications are now open online. These concessions are up to 25% of the 2020 land tax liability but subject to the landlord passing on all the savings by way of a rent reduction to their tenant. If you have already paid your land tax you will get a refund - could take up to 5 days after approval and if you haven't paid all your land tax for this year then the concession will be applied to any unpaid instalments. You should apply by no later than 31 October 2020. The following link is the page for the online application.https://www.service.nsw.gov.au//apply-covid-19-land-tax-re