Renting & CGT Concerns
If you’re considering renting out your property, you might be wondering about your Capital Gains Tax (CGT) liability. The answer isn’t one-size-fits-all. CGT can apply when you sell a property, but renting doesn’t automatically trigger it. The key is to consult with...
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Residential Land Sales & GST
Did you know that when buying vacant land, the contract can specify whether GST is payable? If you’re not GST registered and can’t claim it back, it might not seem crucial. But if the entity you’re buying in is GST registered and can claim it back, how GST is applied...
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Case Study: Developer in Healthcare & Wellbeing Sector
BackgroundOur client, a developer in the healthcare and wellbeing sector, had negotiated terms with a tenant in South Australia and needed a lease agreement put in place. Moreover, the standard lease terms needed to be modified for Western Australia as well, since the...
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Case Study: Significant Stamp Duty Savings for Developer
Background Our client, a commercial property developer, approached us with a challenge. They were looking to purchase a property that currently housed a residential care facility and were faced with the prospect of paying a hefty $100k in stamp duty. Helping A...
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Case Study: Comprehensive Contracts for Restaurant Sales
BackgroundOur client, the owner of a local restaurant, was looking to sell. However, the contract was completely loose, unstructured and lacked detail on important aspects of the daily operations of the business. Assisting a Small Business Owner with Comprehensive...
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Case Study – Success for Strata Group Owners
Adcocks Conveyancing was approached by a Strata Group of 7 unit owners who had been trying to convert their strata title to a community title for 20 years, but to no avail. The different owners and multiple failed attempts at title conversion had resulted in friction amongst the owners and caused a lot of emotional distress. Despite these challenges, the current owners had agreed in principle for the title conversion and Adcocks was tasked with making it happen.
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