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conveyancing services WA

What You Need to Know About Foreign Transfer Duty?

About Foreign Transfer Duty

The recent jurisdiction in Western Australia (WA) states that from 1st January 2019, foreigners purchasing a residential property in WA must pay an additional 7% stamp duty. This dictate comes in WA after being introduced in the other Australian states. Stamp duty surcharge or Foreign Transfer Duty encompass certain rules and regulations when a residential property is acquired by a foreign person. The foreign transfer duty becomes effective from the day the document for the transaction is signed. In this blog, we shall discuss some important highlights of the foreign transfer duty. 1. What is a residential property? Residential property…

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At What Point Do You Need To Choose A Conveyancer?

Conveyancer

When it comes to the buying or selling of a property, there may arise the need to appoint a conveyancer. This is because a conveyancer can provide you with real estate settlement services, like advice and information, prepare documentation, and help you through the settlement process. It is important that the conveyancer is licensed to work for you. What is conveyancing? Conveyancing is the legal process of transferring the title of real estate or land from one person or entity to the new owner. The transfer of property to a new owner typically consists of the following: • Entering into…

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