Archive for the ‘Manage’ Category

Market Update 2018- PropertyNest End Of Financial Year

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Posted in Manage on 3rd October, 2018

Capital Gains Withholding: Impacts On Foreign Investors And Australian Residents

Legislative provisions which impose foreign resident capital gains withholding payments in regard to property acquisitions came into effect in July 2016. An updated rate and threshold now applies to contracts entered into after 1 July 2017. From 1 July 2017 the threshold to withhold has been reduced from $2 million to $750,000 and the withholding rate has been increased from 10% to 12.5%. Although these provisions are designed to impose withholding payments liability on foreign residents, they effectively impose important obligations on all purchasers and vendors where the purchase price of real property is over the threshold amount. The ATO has said that... View article »
Posted in Manage, Rent on 3rd October, 2018

The Divorce Process Explained

Today in Australia a court does not consider why the marriage ended. The only ground for divorce is that the marriage has broken down irretrievably. That is, there is no reasonable likelihood that the parties will get back together. Separation To be eligible to file an application for divorce, the parties must have been separated for at least 12 months. If the parties separated but remained living under the same roof for any period of time (or are currently living under the one roof), there are further requirements that the Court will consider. You will need to provide additional evidence to prove that... View article »
Posted in Manage, News on 3rd October, 2018