From 1 July 2016 mortgage duty will be abolished. NSW is abolishing many duties and charges to make the State a better and less complex jurisdiction to do business in. Most other States have already abolished similar duties and charges. Duties like this have long been...
There has been a growing trend of acquiring property (usually residential) in SMSF’s and limited recourse borrowing can in assist in the acquisition; this is a loan that is secured on a single asset (property), where the lender has no right of recovery against...
