If your Discretionary Trust holds or acquires residential land in NSW after 31 December 2020 then your trust will be liable to surcharge duty and surcharge land tax if you do not amend your Trust Deed before 31 December 2020.
It is very interesting to hear that the New South Wales State government is considering the abolition of stamp duty. What might this look like and will it actually happen?
A recent (2020) New South Wales Supreme Court decision in Deligiannidou v Sundarjee [2020] NSWSC 437 is a cautionary tale for anyone sending money electronically, particularly large sums of money in property transactions.
Having personally been in practice for 40 years and having been pedantic in our policy of how legal documents are properly signed and witnessed, we are now able to use technology to be able to remotely witness you signing documents.
You are just getting a loan from your bank for your business and the banking officer tells you that you need to provide an independent legal advice certificate. What now?