Tips

Taxation Matter

What is a “personal use asset” when you calculate your capital gain/loss?

A personal use asset a defined asset that is used or kept mainly for your (or your associate’s) personal use or enjoyment. There is an exemption for a personal use asset you acquire for $10,000 or less.

Traffic

Under what circumstances should you call police when you are involved in a car crash?

If anyone is killed or injured in the crash; for any reason the other driver does not give you the required particulars; a vehicle involved in the crash is towed or carried away by another vehicle.

Traffic

Did you commit a drink-driving offence if you had just jumped into your car but the car had not moved yet when the police caught you?

By law, you have committed the drink driving offence if, while there was present in your blood the prescribed concentration of alcohol, you drove the motor vehicle, or you occupied the driving seat of the motor vehicle and attempt to put it in motion.

Conveyancing

If you are going to rent a residential property but you experience financial hardship in paying rental bond and rent in advance, where can you get help?

You can contact NSW Housing. If you satisfy certain conditions, they can pay for you the rent in advance and even the rental bond. But you have to repay the rental bond if you terminate the tenancy. Remember, if you borrow money first from someone else to pay the rent in advance and afterward apply to Housing, you are no longer eligible because you have already got money (it is your problem to repay the loan, not their problem!)

Traffic

When you put your arm out of the car, do you know it could cost you?

Subject to exceptions, a person must not travel in or on a motor vehicle with any part of the person’s body outside a window or door of the vehicles. Maximum penalty is 20 penalty units, which is $2,200.

Special Offer

These are our special offers for our legal service fees (prices are inclusive of GST).

1.  First consultation fee: $132 for half an hour, $264 for up to one and a half hours if you refer to this offer.

2.  10% off for all family matters if you have a current pension card.

3.  Off the Plan Property Purchase from $1,210.

4.  Conveyancing under 1 million from $1,100.

5.  Conveyancing from 1 million to 2 million from $1,210.

6.  Conveyancing of Community Title from $1,452.

7.  Basis Will from $220, Will for special need beneficiary from $550.

8. Financial Agreement from $1,210, Review of Financial Agreement from $726.

Tip of the day

Conveyancing

After you have signed a contract to buy a house, can you change your mind?

If it is a residential property, subject to certain exceptions (eg. buy the house by public auction), there is a cooling off period. You may rescind the contract at any time before 5pm on the fifth business day after the day on which the contract was made. However, 0,25% of the purchase price of the house will be forfeited by the vendor.



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