Find us

6/11 Prince of Wales Avenue South West Rocks,
PO Box 16 South West Rocks NSW 2431

T 02 6566 6250

Level 1 22 Belgrave Street Kempsey
PO Box 161 Kempsey NSW 2440

T 02 6562 3300

Posts Categorized: Conveyancing

GST

GST law change for the purchase of new residential properties

Tax Laws have changed from 1 July 2018. What is the new Tax Law? Purchasers of new residential properties, where the vendor is registered for GST, are required to pay a portion of the purchase price directly to the Australian Tax Office (ATO) on or before settlement of the purchase. How much GST is payable? The purchaser will be required […]

Read more

Electronic contracts

How binding are electronic contracts?

Electronic contracts are becoming more frequent in both business and personal use. There are a number of ways an electronic contract can be executed: • Clicking a checkbox to acknowledge agreement. • Typing yes or I agree in a form online. • Signing a document with a stylus or your finger. • Using a facility such as DocuSign to electronically sign a document. These […]

Read more

Transfer of property

The transfer of property and stamp duty

At Sheridan Legal, we often get asked about the transfer of property (as opposed to the sale) between related parties. It’s possible to do a transfer of property from one party to another. One major cost that you will usually have to pay is stamp duty. However, there are a few situations where stamp duty is exempt (or at least, […]

Read more

DIY Conveyancing

DIY Conveyancing

Whether you are buying or selling, there are a number of pitfalls to DIY Conveyancing. DIY Conveyancing is where you decide to act for yourself, rather than paying for a professional service. The sale or purchase of a property is likely the largest financial transaction that you will experience during your lifetime. It is best that this transaction is left […]

Read more

off the plan

Purchasing real estate “off the plan”

What does buying “off the plan” mean? Often, buying off the plan means that the land hasn’t been subdivided yet. The developer will have plans in place, but the subdivision won’t be registered. An “off the plan” purchase may include the construction of a house. This is usually referred to as a “house and land package”. The contract will include […]

Read more

Selling Property

Your Quick Guide to Selling Property in NSW

Are you considering selling property in NSW? We’ve formulated a quick guide to selling property – everything you need to know and consider, right here. Know your “why”. Why are you selling? – Have you outgrown your home? – Do you want to move into a better area or closer to work/school? – Is your home getting too old and you simply want […]

Read more

Verification of identity

Verification of Identity (VOI)

In most transactions solicitors are now required to verify their client’s identity. This process is known as Verification of Identity (VOI). As conveyancing turns electronic, all buyers and sellers are required to have their identity verified to prevent fraud. But the process is also used in other matter types too. What documents are needed to verify your identity? Photo identification […]

Read more

Purchasing a property using a self managed superannuation fund

Purchasing a property using a Self Managed Superannuation Fund

Self managed superannuation funds have become increasingly popular. An advantage of a self managed superannuation fund is the freedom to invest in property and/or shares or other types of investment. It’s not uncommon for a conveyancing matter to hit our office with this being the case. To be honest, they’re not all that more difficult than an ordinary purchase as […]

Read more

Preliminary property reports

5 Preliminary property reports you need to know about

Have you protected your future investment with these 5 preliminary property reports? Finding a property within your budget that suits you is like finding that pot of gold at the end of the rainbow. We all know it’s out there (the house, not the gold), but finding it and beating the competition can be hard! When you find it, should […]

Read more

Electronic Conveyancing

What does Electronic Conveyancing mean for you?

Electronic Conveyancing is being phased into NSW as of 1st August 2017. What does this mean for you if you’re buying or selling? At first, you probably won’t notice too much difference between a paper or electronic conveyancing matter. All the magic comes alive at settlement. The most obvious benefit to you will be that the transfer happens almost immediately. […]

Read more