Description
This 1 point elective session looks at the considerations in a commercial sale to settlement process including:
- Identifying the owner – person, company or other?
- Identifying the land and its encumbrances
- GST – when is it relevant in a commercial transaction?
- ABN Lookup.
- How to know if an entity is registered for GST and why that matters.
- Enquiries regarding commercial tenants and the impact on a sale.
- Who is the buyer and what does a rep need to find out about the buying entity?
This session looks at the risks that can be encountered when not being aware of the differences between a residential settlement and a commercial settlement, specifically in relation to legal entity of owner, legal entity of buyer, tenants and GST as it applies to different commercial property.
Understanding how and why a commercial sale to settlement transaction is different to a residential, including identifying the land, encumbrances, owner, company ownership and GST
Please note that this session does not constitute financial, taxation or business advice. Seek qualified and suitably licensed professional help where that is required.
