Insights
Staying Ahead of Land Tax Obligations: Update Your My Land Tax Account Before 31 December 2024
As the end of the year approaches, it’s crucial for property owners in Victoria to ensure their land tax holdings are accurate and up to date. The State Revenue Office (SRO) My Land Tax portal provides a streamlined way to review and manage your property details. By acting now, you can avoid unnecessary issues or penalties in 2025.
Entering our Digital Era: Switching from Paper to Electronic Titles
Over the past months, Grice Legal has been in the process of converting any paper certificates of title we hold to electronic copies, as the Victorian Register of Land has begun the movement of phasing out paper titles entirely. As the legal industry progresses towards being able to operate almost wholly electronically, it was inevitable that land titles do the same and paper copies are no longer needed to be physically stored at firms such as Grice Legal. Despite such a significant change in the operation of conveyancing and the large task involved in converting physical titles, the benefits of such a development are already being felt.
Cruising into Contractual Complexities: A Case of EV Charger Expectations
Let's dive into an interesting case study where a potential penthouse buyer's enthusiasm for embracing electric mobility meets a plot twist. Picture this: our buyer is all set to snap up a swanky new penthouse off the plan. They've got two electric cars, so they ask the developer upfront if they can hook up an EV charger in the carpark. Exciting, right?
To GST, or not to GST, that is the Question
Selling Melbourne real estate involves some important considerations, one of which is whether the sale will create a Goods and Services Tax (GST) obligation for the vendor. We break down the GST implications for different types of properties.
The Home Guarantee Scheme (HGS)
With the rising cost of living, purchasing a home can seem out of reach for every-day Australians that cannot reach the minimum saving requirements to satisfy the eligibility of loan. Although Lenders Mortgage Insurance (LMI) is available to those buyers with less than the typically required 20% savings deposit, this is an expensive addition that may be able to be avoided under the Home Guarantee Scheme (HGS).
Electonic signatures, what can I sign?
You can now sign any document electronically!
We're getting on board with eSignatures and you'll find most of the documents we send to you will be for signing electronically.
If you want to know more, just get in touch with out team and we'll be happy to explain how the process works.
PEXA, what is it and is it safe?
As a certified member PEXA we’re experts at conducting your conveyancing transaction using the electronic lodgement network.
Our clients often ask us what is PEXA and is it a secure platform?