News

The pitfall of undocumented family loans

It’s not uncommon for one family member to loan money to another family member without preparing a written agreement and with the intention that it will be repaid when the person loaning the money asks for it. Such a loan is termed an on demand loan, that is, the loan...Read More

New stamp duty and taxes on foreign buyers

Since 21 June 2016, foreign buyers of NSW residential property have been levied with a 4% stamp duty surcharge.  The surcharge is in addition to the duty payable on the purchase of residential property. The surcharge almost doubles the normal duty payable. Foreign...Read More