Property Transactions – WARNING, WARNING!!!

If you are contemplating any property transaction; any purchase or sale of a business or part of it; any dealing in any major transaction – stop right now!

It is absolutely vital that in addition to talking the appropriate legal advice; that you consider the taxation consequences of the transaction being entered into. Yes – even the purchase or sale of the family home may have some massive taxation consequences you have not even contemplated. So often we have clients visit us well after the event – only to find that they have structured the transaction inappropriately or otherwise done something to cause them loss of some form.

Sometimes the “mistake” may be remedied – but this usually involves far greater cost than would have originally had we been advised prior to the transaction. And often such remedies may expose you to risk that would not have been an issue had you undertaken the correct course to begin with.

A small investment in services at the front end may save tens or even hundreds of thousands of dollars – so please make sure you contact us to arrange a consultation to review such matters before you act. That means before you sign an agreement; before you enter any verbal binding contract; and definitely before you settle a major transaction.

We are here to guide you through what may often be a complicated process and have firms of solicitors we work with if you do not have your own.

We recommend that you contact us before you make plans or sign an agreement for sale or purchase of private property or business assets.