Conveyancing Revenue Law & Practice Law Assignment Help

Assignment Task

Question 
Your conveyancing client is purchasing a block of land at Orange, NSW to build a home and a small farm. The block is 10 hectares and is vacant. They currently have a principal residence in Sydney and are considering whether to retain it or sell it.

Provide them answers for their questions regarding transfer duty and land tax:
a. Explain to the buyer the main residence exemption for land tax.
b. Should the buyer decide to retain the Sydney property, explain the land tax consequences.
c. Explain the calculation of the transfer duty if the proposed price is $1.5M (GST exclusive). No need to calculate the actual duty liability.
d. Explain the transfer duty consequences for a buyer who is a foreign person.
e. Would there be any consequences for land tax and transfer duty if the buyer chose to buy the property in the name of a family trust?

This Law Assignment has been solved by our Law Experts at Exam Question Bank. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
    
Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.