Vo Conveyancing & Associates

🥮 Mooncake 🥮 Mid Autumn Festival is coming 🥰

Thanks to all my business partners and lovely clients

Congrats to our team .We have successfully completed our Risk Management Assessment Self Assessment 2024 🥂

Treasury Laws Amendment (Foreign Investment) Bill 2024 Update

The following advisory was received from Revenue NSW at 6pm yesterday evening:

The Federal Treasury Laws Amendment (Foreign Investment) Bill 2024 has now received assent.

It was previously identified that citizens of New Zealand, Finland, Germany, India, Japan, Norway, South Africa and Switzerland were not subject to surcharge purchaser duty due to international tax treaties.

Changes to federal legislation mean that these citizens may now be liable for surcharge purchaser duty if they enter into an agreement to acquire residential property in NSW on or after Monday 8 April 2024.

Surcharge land tax may also be payable on future land tax assessments for residential land they own in NSW.

Revenue NSW and Client Service Providers (CSPs) are updating their systems to accommodate these changes. Contracts dated on or before 7 April 2024 may be processed in EDR as normal.

If you have an urgent matter dated on or after 8 April 2024, you should contact Revenue NSW.

Revenue NSW will be providing further information related to the new legislation and systems readiness as it becomes available and encourage you to monitor their website for updates.

It’s always so lovely when our clients take time out of their day appreciate your works.
Such a beautiful flowers 💐

Special gift 🥮 from our love clients to start the week!

Congrats to our team .We have successfully completed our Risk Management Assessment Self Assessment 2023 !

We are honoured to be selected as one of the finalists from the thousands of nominations in the 2023 Fairfield City Local Business Awards in the category of Professional Services.

We would love to thank everyone who took the time to vote for us and to recognise the outstanding service and products our business provides. Your vote and support means everything to our business and we couldn't have made it here without your trust and support 💕Appreciated it 🙏

Happy rainy working day 😍

Thanks to our VIP client for this beauty lucky bamboo Monday #

Thank you so much for the great reviews. It was a pleasure to assist and support our clients during what is always a stressful and difficult time . We strive to do our best to not only provide great representation but to mitigate that stress wherever possible.

Lucky bamboo from our lovely client 💕🥰

Thanks for the amazing review Patrick

This is truly a recognition for our team . Our efforts have not gone unnoticed 👍💕

Thank you to our lovely client who dropped this 2023 Lunar New year gift off at my place

Another 5 ⭐️ review, another gift from our lovely client , another happy working day 👍💕

Received a gift from one of my favourite colleague today! Looking forward to getting into them later 😆🤩

Received this thoughtful Xmas gifts from our local agent

Much appreciated 💕

First Home Buyer Choice

You may have heard about the new scheme the NSW Government is offering for First Home Buyers to opt in to pay Land Tax instead of Stamp Duty. Eligible purchasers will be able to opt in for Contracts signed on or after 16 January 2023.

This option is available only to First Home Buyers purchasing property up to $1.5 million and will be an Annual Tax, NOT an exemption or concession.

Currently first home buyers purchasing property up to $800,000.00 are eligible for an exemption or concession from Stamp Duty and this will not change by this stage, however for the Stamp Duty that would normally apply between $800,000.00 and $1.5 million first home buyers can elect for the yearly stamp duty payment.

The annual property tax payments will be based on the land value of the purchased property. The property tax rates for 2022-23 and 2023-24 will be:

$400 plus 0.3 per cent of land value for properties whose owners live in them
$1,500 plus 1.1 per cent of land value for investment properties.

For more information please visit Revenue NSW:
https://www.nsw.gov.au/initiative/first-home-buyer-choice?fbclid=IwAR3nXtFUKkXi_U6yuJf2V-vR4psxP7eslX27-_ZJfNHqfxrRLal8-V8Tvic

First Home Buyer Choice Changes to the NSW property tax system give first home buyers the choice between paying an annual property tax or stamp duty.

Happy Hump Day

A new 5 ⭐️ review

# It makes our day # we couldn't help ourselves but share #🤞👍

Heading into the weekend with a big smile 😃

Happy Monday as always 👌🥂

Congratulations our lovely clients on the settlements, it’s also made my day 👍

What a beautiful way to end a day, with thanks from the wonderful clients 💕

Happy Hump Day 😊✌️