We have recently seen a number of cases where builders and other building contractors are withholding producer statements or records of building work in order to obtain leverage in dispute or non-payment situations.
Warning: Sell residential property within five years and you could now be taxed. The bright-line test extension is live!
The government has now passed legislation that extends the bright-line test from its original two years to five years. This means that before you consider selling any property within five years of purchase you should consider the effect of this law before you proceed.