Victorian Windfall Gains Tax Update

Our article dated 10 January 2023 set out some of the basic concepts around the new Windfall Gains Tax ("WGT") set to be introduced from 1 July 2023. In this short update we highlight some more detail on the WGT. The taxable...

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Shared Equity Home Buyer Helper

For the next two financial years, the New South Wales Government (NSW Govt) will share the cost of buying up to 6000 principal places of residence for people who could not otherwise own a home. Provided they do not already own ...

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Building Orders – a limitation on Municipal Building Surveyor powers

When a Victorian Council undertakes an inspection of a property, it may discover building works that do not comply with the Building Act 1993 (Vic) (the Act) and Building Regulations 2018  (Vic) (the Regulations) and issue a buil...

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Property Gifted in Will Sold Prior to Death

Every so often a Will maker leaves a specific gift in their Will and at the time of death it is no longer owned by the Will maker. This specific gift fails for “ademption”. What is ademption? Ademption occurs when property (...

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Winds of Change – Victorian Government introduces new Windfall Gains Tax

Windfall Gains Tax is a new Victorian State Government tax on land set to be introduced from 1 July 2023. The tax will be triggered where the value of land increases 'due to the actions of government'. In this context, the 'action...

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Unsigned lease? Beware the legal grey zone

It's very common in commercial and retail leasing transactions for the landlord and tenant to sign a preliminary document, such as a Letter of Offer, a Terms Sheet or Heads of Agreement, before signing the formal lease document. ...

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