Every year the LPLC sees claims related to inadequate section 32 statements under the Sale of Land Act 1962 (Vic). This is the first in LPLC's Conveyancing Series 2020 webinars presented by LPLC Risk Manager, Phil Nolan.
In this webinar, Phil Nolan looks at the top five oversights and errors and provides practical advice and tips to build a better section 32 statement.
Recorded 14 July 2020.
In this webinar, Phil Nolan considers the most common errors practitioner’s make involving GST, CGT, land tax and duty in conveyancing transactions. This session covers some practical exercises to demonstrate the root causes of claims and Phil provides tips on how to avoid those claims.
Part 5 of the Conveyancing Series webinars considers issues about subdivisions and off-the-plan contracts which have arisen in claims.
Part 4 of the LPLC conveyancing webinar series considers issues about breaches which have arisen in claims and provides risk management tips about how to properly advise clients, using a checklist to ensure important issues relating to the breach are dealt with and how to recognize when it is necessary to refer a client or brief a barrister.
The LPLC Annual Report for 2023–2024 was tabled in the Victorian Parliament on 31 October 2024.
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.
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.
