Beware of royalty payments to non-residents

When you make a certain payment (eg. dividends, interest and royalties) to non-residents you are required to withhold and remit tax to the Australian Taxation Office (“ATO”). A non- resident can be an individual, company, partnership, trust or super fund. In relation...

GST Clauses in Real Estate Contracts

Look Carefully for GST Goods and Services Tax (GST) was introduced on 1 July 2000. How does GST work? Broadly, GST is 10% tax that you must pay on goods and services and other items that you have sold or consumed in Australia. GST registered businesses will usually...

Common strata issues

Living in a strata unit means you share common property with others, and as a result, strata management issues can arise. Some activities are more restricted in a strata scheme, such as parking and renovating. If you’re considering buying or moving into a strata...