Monthly Archives - March 2017

Duty Concessions For Home/First Home Owners Explained

When buying property in Queensland you must pay stamp duty, which is calculated according to the value of the property. If you intend to use the property as your home or are acquiring the residence as your first home you may be eligible to claim a concession that reduces the amount of stamp duty you have to pay. Am I eligible for a home concession? You can claim a home concession if you intend to live in the property as your principal...

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Executing Transfers Outside of Australia

Executing Transfers Outside of Australia

When executing transfers outside of Australia or selling real property in Queensland (e.g. house, unit or land), you are required to execute a Form 1 – Transfer. The original form is then registered at the Titles Office of Queensland and officially signifies the change in ownership from you to the new owner. Because of the important nature of this form, there are stringent rules set out in the Land Title Practice Manual about executing the form in the correct way. What...

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