Justin Nabila & Co Lawyers in Gold Coast, Queensland | Business service

Justin Nabila & Co Lawyers

Locality: Gold Coast, Queensland

Phone: +61 7 5665 6392

Address: Level 9, 1 Corporate Court, Bundall 4217 Gold Coast, QLD, Australia

Website: http://www.jnlawyers.com.au

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25.01.2022 We have been asked recently -what happens to a buyer's eligibility for transfer duty concessions (first home or home) if the property purchased has an existing tenant with a lease period extending more than 6 months past the transfer (settlement) date? Hopefully this post provides some assistance to all. For all those who have done their own research, you may have read that if a tenant does not vacate the premises at the end of their lease, or within 6 months from the end of ...transfer date (usually this is settlement date), whichever is the earlier, then the buyer will not be eligible for transfer duty concession. Fortunately, the case of Commissioner of State Revenue v Di Sipio & Anor [2015] QCA 198 has provided some clarification on this matter. Basically, as long as the buyer had NOTHING to do with the granting of the lease to the tenant (ie the lease was entered into by the seller prior to the contract of sale), then the buyer's eligibility for transfer duty concession will not be lost. Seems fair I think! **This information is as at 10/5/18 and may change depending to any changes to the law in the future.** For all conveyancing matters please contact our experienced property lawyers at 0756656392 or complete our web form at www.jnlawyers.com.au

21.01.2022 From 1 July 2018, the additional duty that will be imposed to foreign buyers will increase by more than double, from 3% to 7%!

19.01.2022 Awesome news! As part of our continuous effort to increase the value of our service and client experience, we have managed to source and negotiate lower fees for conveyancing searches. Same quality service at a lower price! Call us to find out more! 07 5665 6392 or visit us at www.jnlawyers.com.au.

08.01.2022 Involved in a vehicle (car, truck, bike) accident on Queensland roads? *IMPORTANT* you should ascertain if you or anyone else involved needs immediate medical attention. If so call 000 immediately. Otherwise, one of the first things you should do is report the incident to Queensland Police. In doing so, however, there are a few things to remember. i) If you believe you have sustained an injury, you need to report the incident at the closest station and NOT online through po...lice link. ii) if you delay reporting the incident to the police, you may incur a fine! Please note an injury can be physical, psychological or both. Physical injuries are not limited to cuts, broken bones, but also soft tissue. If you have any questions speak to a lawyer first.. Remember, strict time limits applies for compensation claims in Queensland. Contact us for a free, no obligation chat with one of our solicitors -0756656392 or visit us at www.jnlawyers.com.au

07.01.2022 Buying or selling real property over $750,000? ATO requirements may apply. Contact us at 0756656392 to find out more.