SOLICITOR & CONVEYANCER OR TAX COLLECTOR? ITS GETTING HARD TO TELL

Currently any solicitor or conveyancer working in residential conveyancing is already responsible for collecting and remitting Foreign Resident Capital Gains Withholding Tax (FRCGW) to the ATO, ensuring that sellers in transactions above $750,000.00 prove they are Australian citizens for tax purposes by way of a clearance certificate and ensuring all purchasers prove they are Australian…

ECONVEYANCING: IS YOUR SOLICITOR OR CONVEYANCER READY?

From 1 July 2018, all stand-alone transfers of land, caveats being registered on titles, mortgages and discharge of mortgages must be lodged electronically. The benefits of EConveyancing for both buyers and sellers are clear and include the reduced risk of manual errors, fraud and delayed settlement, no loss of paper transfers in the post or…

WHY YOU SHOULD ONLY INSTRUCT A SOLICITOR WHO IS REGISTERED TO TRANSACT IN THE E-CONVEYANCING SPACE

  Electronic conveyancing simply means a conveyancing transaction which is settled electronically by using an electronic platform known as PEXA (Property Exchange Australia Limited). All parties including the seller, the buyer and any financial institutions involved participate online so that: Solicitors for both parties are authorised to transact on behalf of the vendor or purchaser;…