Entries by admin

What is a property settlement and can you get it done before you divorce?

If you are separated and heading for divorce, consider finalising your property settlement as soon as possible to secure the best outcome for your future. What is property? Property refers to all your assets, financial resources, superannuation and liabilities. The Family Law Act defines property as being the ‘net asset pool’ which can include: matrimonial […]

What happens to your assets if you die without a will?

If you die without a will, you are said to have passed away ‘intestate’. This means your estate (your assets) will be administered and distributed according to Queensland’s laws of intestacy. Having a will allows you to legally protect your spouse, children, other family members and your assets. It also allows you to appoint an […]

What to look for when engaging an estate administration lawyer

Wills and estate administration is a highly litigated area of law requiring solicitors to be extremely vigilant.  A solicitor failing to ask a relatively mundane question can lead to terrible consequences for a client and beneficiaries of a will such as a beneficiary not acquiring their beneficial interest or ending up in a costly litigation. […]

Buying or selling a property? Then you need to know about changes to the GST withholding rule

Buyers and sellers: responsibilities Recently a GST Withholding rule was added to the tax laws. This new rule changes the responsibilities for sellers and buyers. In the past, the seller (company or individual) was responsible for holding onto the GST amount from the sale of new residential property or potential residential land.  This law does […]

The ATO is targeting landlords – Here’s what you need to know

The Australian Taxation Office (‘ATO’) aka the ‘tax man,’ is targeting landlords and there are three instances where a landlord needs to tread carefully. In recent years, the ATO are engaging in data matching, using real property rental bond data from the States and Territories in an effort to catch out tax payers, who have […]