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Tyrrells on compulsory vendor reports
December 25, 2010
Stephen Ransley, General Manager of Tyrrells Property Inspections, was recently interviewed by Maddisons Real Estate in relation to proposed legislation which will require vendors to provide property reports with a contracted sale.
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DIY pest inspection: Does your home have white ant damage?
December 7, 2010
Termites (or white ants) usually operate as a colony. Termites live in nests made by worker termites who seek food away from the nest and destroy timber by chewing and hollowing it out into little tunnel-like galleries. Nests need a constant source of moisture and take many years to develop. The most susceptible buildings are those with ground contact or those above ground buildings where the nest is close to leaking pipes, roofs or gutters.
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GST and property investors
December 6, 2010
If you buy property with the intention to sell it or develop it for later sale, the Tax Office might consider you to be carrying on an enterprise. An enterprise can be a single activity or a series of activities. The GST registration threshold is currently $75,000 (for non-profit entities it is currently $150,000). If you are carrying on an enterprise and your turnover is $75,000 or more you are required to register for GST