Ambiguous Gifts In A Will

A clause in a homemade will can appear crystal clear to the person writing the will, yet it can be very ambiguous to another person reading it after the will-maker has died. The proliferation of homemade wills has caused a substantial increase in the number of...

Will the VLAD Act Be Repealed?

In recent times the Queensland parliament has taken a strict stance and vowed to crackdown on organised crime. This approached was essentially triggered after public outrage regarding the infamous Broadbeach bikie brawl that occurred on 27 September 2013. That...

Conveyancing Update: Additional Foreign Acquirer Duty

From 1 October 2016 there will be a new tax on foreign investment in residential land in Queensland called additional foreign acquirer duty. This update is a summary of key points. Additional foreign acquirer duty is an additional amount of transfer (stamp) duty which...

Conveyancing Update: Withholding Tax

New obligations are now in place that affect sellers and buyers of properties with a purchase price of $2 million or more. For contracts that were entered into on or after 1 July 2016, buyers of properties with a purchase price of $2 million or more are required to...