Commercial Properties/ Transactions
Commercial properties can be a relevant simple matter or can lead to complicated dealings involving the transfer of leases and other business interests including any fixed plant & equipment for settlement.
Four Points Conveyancing will carefully review any Contract of Sale and Form 1s documents presented to its office to ensure that the transaction is conducted smoothly and with minimal disruption to any existing or prospective leasehold interests to the property concerned.
The main area of concern with respect to Commercial properties is the GST implication of the transaction on either the Vendor or the Purchaser to the transaction. In the ever changing area of GST Law one transaction to the other may be treated differently depending on the result of continual tax rulings that are being made by the Australian Taxation office fro time to time.
Generally, Four Points Conveyancing will not give a Vendor or Purchaser specific advice with respect to GST. Four Points Conveyancing will point out any issue that requires clarification and request that the client obtains written advices from their Accountant who in turn, depending on the complexity of the matter, may need to obtain an independent ruling from the Australian Taxation Office with respect to the issue that arises from the transaction. This ensures that clarity is given to the transaction prior to settlement avoiding complex taxation questions post settlement.
