The conveyancing process is unfamiliar for many purchasers of real estate. The role of a practitioner acting for a purchaser buying land includes understanding what the client intends to do with the property, explaining the contract to the client and ensuring they understand what is required of them.
More on Property
LPLC Articles
Sunset clauses in off the plan sales
Conveyancing
25 Oct 24
The Sale of Land Act 1962 (Vic) regulates a vendor’s right to end a contract of sale pursuant to a ‘sunset clause’ in residential off the plan sale contracts (ROTP contracts).
LPLC Articles
Make it a rule to include water information certificates
Conveyancing
22 Oct 24
There is a good reason why you should always include a water information certificate in a section 32 statement. The certificates will show the water and sewer lines, which are unregistered easements, and need to be disclosed.
LPLC Articles
Nomination and the risk of double duty
Conveyancing, Tax
17 Oct 24
LPLC continues to see claims involving land transfer duty (stamp duty) and other state property taxes.
Latest News & Alerts
News
LPLC Annual Report 2023-2024
31 Oct 24
The LPLC Annual Report for 2023–2024 was tabled in the Victorian Parliament on 31 October 2024.
Alert
Vacant Residential Land Tax—Changes to ‘Holiday Home’ Exemption
Tax
17 May 24
The Victorian Government has introduced the State Tax Amendment Bill 2024 which, amongst other taxation changes, will (if passed) broaden the holiday home exemption to allow shareholders of companies, as well as certain beneficiaries of trusts and relatives of those shareholders and beneficiaries, to satisfy the exemption for a property owned by a company or trust.
Alert
Snapshot of Major Victorian Property Tax Changes effective from 1 January 2024
Conveyancing, Tax, GST, Leases, Building and Construction, Building and Construction
13 Dec 23
The State Taxation Acts and Other Acts Amendment Act 2023 received Royal Assent on 12 December 2023. The new law introduces significant property tax changes in Victoria with effect from 1 January 2024.