In terms of additional costs, stamp duty represents the biggest purchase cost to purchase a property in Australia. While in most cases the full amount of stamp duty is payable on settlement, in some very specific scenarios a purchaser may qualify for an exemption or reduction in the amount of stamp duty they have to…
Property is one of the largest and most expensive assets an individual will acquire within their lifetime. With Australian property prices on the rise, for first home buyers wanting to secure their first property every additional bit of help will make a significant difference. In NSW, the State Government provides assistance for first home buyers…
MistryFallahi Lawyers & Business Advisors has been announced as the Global Law Experts Practice Awards Boutique Technology Law Firm of the Year in Australia in 2016.
In NSW, the law allows a transfer of interest in land from one spouse to another without the burden of thousands of dollars of stamp duty fees. As the principal place of residence is usually the main asset in any family, it is paramount to ensure that it is secure and protected from claims presently…
Our nationally recognised property lawyers can advise and assist investors on the purchase of residential property in Queensland. The procedure for property conveyancing in Queensland differs significantly to that in NSW. Our experienced property lawyers can assist in all relevant steps, including: Due Diligence There are a number of factors that affect the due diligence…
To date, we have successfully obtained FIRB approval for non-resident clients in over 95% of cases. Part of the application process involves the payment of an up-front fee. The applicable fees are determined by the property purchase price and are as follows: $5,000 for residential land valued less than or equal to $1,000,000 $10,100 for…
MistryFallahi Lawyers & Business Advisors has been announced as the Best Boutique Asset Protection Law Firm in Australia in Acquisition International Magazine’s 2014 Global Mobility & Immigration Awards. “MistryFallahi is one on the most innovative, forward thinking and client-friendly firms that have transformed the way in which companies and individuals do business. They are recognised for their expertise and excellence in their field.” The…
Overview Dying without a valid will is known as dying ‘intestate’. Intestacy arises where the deceased dies without a valid will or where the deceased leaves a valid will, but the will does not effectively dispose of all of the person’s estate. Intestacy means that the deceased’s estate will likely be distributed other than as…
A survey conducted amongst family businesses revealed that only one third had formal succession or exit strategies in place. What happens if the owner or director of a family business dies or becomes incapacitated? What happens when there is an urgent need or opportunity to sell the business? Importance of Succession Planning The vast majority…
There is a general degree of confusion between General Power of Attorney and Enduring Power of Attorney. It is important for these documents to be understood as impaired decision-making can have an adverse effect on the livelihood and life quality of an appointor. Power of Attorney A Power of Attorney allows a principal to appoint…
