It has been a Registrar's Requirement to lodge standalone Caveat and Withdrawal of Caveat dealings at Land Use Victoria using the PEXA electronic settlement platform since 1 December 2017. From 1 March 2018, the following dealings can no longer be lodged in paper Continue Reading
Update to the Foreign Resident Capital Gain Withholding Tax
If you've sold a property on or after 1 July 2017 for $750,000 or more, you will be liable to have 12.5% of your sale proceeds withheld at settlement by the purchaser and remitted to the Australian Taxation Office unless you provide an ATO Clearance Certificate to the Continue Reading
The 4 major banks and electronic Certificates of Title
On 23 October 2016, every Victorian paper Certificate of Title that was first mortgaged on that day to one of the four major banks (i.e. ANZ, Commonwealth, National Australia Bank and Westpac) was converted by Land Victoria to an electronic Certificate of Title. 1.7 Continue Reading
What is partition?
If you are a part owner of two lots in a subdivision, both in joint ownership with another party, you may be able to utilise the provisions of section 27 of the Duties Act to "partition" the land so that after the partition each party owns one of the lots as a sole Continue Reading
- 1
- 2
- 3
- …
- 5
- Next Page »