Capital Gains Withholding Payments? What are they? Does it affect me?

Last year, the Australian Taxation Office (ATO) introduced new requirements to assist with the collection of Foreign Resident’s tax liabilities. This latest change impacts all Sale Contracts where the purchase price is $750,000 or more, regardless of whether you are…

Precedent set – Vendor recovers deficiency in sale price on the resale of their property!

While the current Contract for sale of Land clearly sets out the rights of a Vendor when a Purchaser defaults (unable to settle), we now have a case which supports it {Kelly v Galafassi & Anor [2013] NSWSC680} This Article…

Purchaser sued for deficiency in resale price – a real case to follow!

Toni Colette sued over deficiency in resale price Did you know the standard Conveyancing Contract allows a Vendor client to sue a Purchaser following default of the Contract and recover any deficiency in the purchase price on resale? This will…