Tax impact of your Subdivision
Wondering how dividing residential land influences your tax situation? It’s crucial to seek advice from a qualified taxation expert before proceeding with any sale or purchase. Key considerations include: Is GST applicable? Who bears the CGT (if any)? How will it be...
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Developing your property with tenants in the space
At //Adcocks Conveyancing, we understand your desire to develop your property while tenants are still in the space. It’s a complex scenario, but we have the expertise to make it a seamless journey for you. Our specialised lease solutions have been crafted to harmonise...
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Commercial Property Sales: Lease Transfer Essentials
Selling your commercial property with an existing lease? Here’s what you need to know. When you sell a property with a lease in place, the rights to that lease must be assigned to the new owner. Depending on the lease terms, this involves preparing either an...
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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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