Andrew Lind
Real Property transactions for Not for Profit organisations (churches, schools, clubs and others) involve a consideration of a unique set of factors.
Our Brisbane Property Team, Conveyancing Paralegals and Not for Profit lawyers are dealing with these transactions on a daily basis. Ask how our Brisbane Lawyers can help your organisation.
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Here are just a few of the issues that need careful consideration and advice.
For Not for Profit Buyers of Commercial Property
- Structure – the right purchasing entity for control, asset protection and tax endorsements
- Tax Endorsements – there are different tax concession endorsements required for institutions and trusts with different types of concessions available
- GST – who needs to be registered for GST
- Stamp Duty – whether the intended use of the Land will qualify for an exemption from Stamp Duty
- Town planning and Council issues – whether a Change of Use Application is required
For Not for Profit Sellers of Commercial Property
- Tax Endorsements – without the correct tax endorsement the sale could be subject to capital gains tax
- Land Tax – consider exemptions and adjustments to the standard conditions
- Exempt conditions – various exemptions may have required use for a period of time
- Trust authorisations – what approvals must be obtains and how long will these take
All good reasons to get our Brisbane Property Lawyers and Conveyancing team involved early, well before you sign a contract.
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