On 1 February 2024 changes introduced to the Land Tax Management Act (LTMA) 1956 become effective, changing the eligibility for principal place of residence exemption for landowners (PPR exemption)....
On 1 February 2024 changes introduced to the Land Tax Management Act (LTMA) 1956 become effective, changing the eligibility for principal place of residence exemption for landowners (PPR exemption). If you own less than a 25% interest in the land, and you currently receive a...
Solari and Stock are closing at 1pm on Friday 22 December 2023 and will reopen at 9am on Monday 8 January 2024....
From 1 February 2024, a person is not entitled to a principal place of residence exemption in relation to a property, unless all the persons who use and occupy the property as their principal place of residence together own at least a 25% interest in...
On 19 September 2023, and as a result of the NSW Government’s 23/24 Budget, the Treasury and Revenue Legislation Amendment Bill 2023 (NSW) was introduced into Parliament which introduced changes to the Land Tax Management Act 1956 (NSW) which changes the eligibility for the land...
Negative gearing is a prominent term that often arises in the realm of real estate and property investment. This article aims to shed light on what negative gearing is, how it works, its advantages and disadvantages, and its potential impact on investors....
Are there conditions that need to be met to be eligible for Project Intervene? The following infographic explains these conditions....
Project Intervene leverages the authority of the NSW Department of Fair Trading to compel developers/builders to undertake the rectification of significant defects. Through these powers, the regulatory body can issue work orders that mandate the correction of any non-compliant building work. ...
To be eligible for the first Home Buyers Assistance Scheme you must fit the following criteria, as explained in the following Infographic...
The First Home Buyers Scheme has expanded. Starting from 1 July 2023, if you are buying a new or existing home with a value of up to $800,000, you will be fully exempt from paying transfer duty. This means you do not have...