Property Title Transfers: Streamlining Ownership Changes & Safeguarding Your Investment
Property transactions, especially in real estate, involve intricate legal processes, and understanding them is crucial for a smooth and legally valid transfer of ownership. At Hewlett Legal, we strive to provide a fresh and accessible approach property law and conveyancing. In this blog, we will explore key aspects of property title transfer and shed light on the significance of title insurance.
Common Mistakes when buying Property in Your SMSF Bare Trust
Looking to invest in property through your Self-Managed Super Fund? At Hewlett Legal, we've seen clients encounter hurdles, particularly when it comes to setting up their SMSF Bare Trusts for property purchases. Let's break down the process in plain language, so you can steer clear of these pitfalls.
Settlement Day: What to Expect When Buying Property
Are you new to the property buying process and curious about what happens on settlement day? You're in the right place! Let Hewlett Legal help you to understand what you can expect on Settlement Day.
Changes that affect your land tax
The Queensland Government has introduced new land tax amendments which will consider the value of all land owned in Australia when determining land tax liability in Queensland. These changes represent a landmark shift in calculating Australian-owned property. Owners of interstate and Queensland holdings should be aware of these changes to determine if they will be affected come 30 June 2023.
The Rise of the “Anti” Phoenix
An explanation of legal and illegal Phoenixing and what it means for liquidators and creditors ise. Phoenixing involves the transfer or sale of a company’s assets to another entity. Illegal phoenixing is when company assets are transferred or sold to another related entity, at an undervalue, which only leaves liabilities to the seller which is then placed into liquidation resulting in creditors not being paid.
Incoming Changes to QLD Residential Contracts
Incoming Changes to Queensland Residential Contracts
A new residential contract will be issued for use from 20th January 2022. We summarise these changes relating to the extension of Settlement Dates, Smoke Alarms, Grace Period for Deposit by Direct Debits, Seller Warranties, Services, Notices to do Work and Contract Dates.
