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Part Purchase / Decoupling

Part Purchase / Decoupling

    TOPICS OF THE DAY: •What is part purchase / decoupling? • Stamp duty in respect of part purchase / decoupling • Buyer’s Stamp Duty and Additional Buyer’s Stamp Duty • Seller’s Stamp Duty • Procedure • Potential PitfallsWhat is Part Purchase / Decoupling? What is Part Purchase / Decoupling? • A part purchase is where there are multiple owners to a property, and one of the owners buys over the share of the other owner(s) • Decoupling is where there…

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Trust

Trust

TOPICS OF THE DAY • What is a Trust? • Who can be a Trustee? • Who can be the Beneficiary? • Requirements of a valid Trust • Powers and Duties of a Trustee • Consequences of Breaching the Trust • Procedure • Scenarios What is a Trust? What is a Trust? • A legal arrangement that allows someone (known as the Trustee) to hold a property for the benefit of another person (known as the Beneficiary) • Thus, the parents (legal owners)…

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Five Australian Property MYTHs BUSTED

Five Australian Property MYTHs BUSTED

Australian Property Myths Myth No. 1     “Resale property can only be sold to locals?” -BUSTED!- Resale property can be sold to all residents including Aussie, PRs, students and all other resident Visa holders. This group of people actually forms up 90% of its Australian property buyers. Myth No. 2     “There is an oversupply currently.” -BUSTED!- Current population growth at an estimate rate of 400,000 per…

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