Skip to content The Prohibition on the Purchase of Residential Property by Non-Canadians Act will come into force on January 1, 2023, as one of several measures enacted by the federal government to target soaring housing prices, increase supply and curb foreign investor speculation. With few exceptions, the Act will impose a two-year ban on the purchase of substantially all
In a crowded city such as Hong Kong, where the majority of residents live in apartment blocks that are built in close proximity to each other, home privacy can be an issue. People can see through your windows, the security guards know all about your visitors. Many aspects of your life and living circumstances are laid bare
Purchasing a property in Hong Kong’s red-hot market can be stressful, especially if one is a first-time buyer. If complications set in, then anxiety levels increase even further. While the majority of transactions are completed relatively smoothly, there are still a significant number of cases that do not proceed as planned due to unforeseen situations, including forfeiture of
Russell Kennedy Lawyers, the Ally Law member firm located in Melbourne and Canberra, Australia, has published its Doing Business and Investing in Australia Guide providing a general overview of the key legal issues of which foreign organizations should be aware when seeking to do business in or invest in Australia. Topics covered include an overview on
Laws, regulations, and procedures relating to real estate vary widely from country to country, state to state, and even county to county. In the United States, real estate law derives from ancient English principals, modified in different places by local needs as they evolved. Without intimate familiarity and experience with the regional requirements and peculiarities of
The holiday season is a good time to reflect upon shared family time. Families with shared assets – such as vacation homes passed down from parents – may suffer friction or confusion in the use of the asset in the absence of clear mandates as to how the asset is to be shared. For instance,
Dying without a will is called dying “intestate.” Where this occurs, the local, regional, or federal law (not you or your family) determines who is entitled to your assets, based on your survivors’ relationship to you.These are known as the intestacy laws, and they vary greatly from one country to the next, and even from
Sixteen Rich May, P.C. attorneys have been honored by Super Lawyers. Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual Super Lawyer selections are made using a multiphase process that includes a statewide survey of lawyers,
The rise of the “sharing economy” has led to the enormous success of companies like Airbnb, Under The Doormat, and VRBO which facilitate people letting their homes or spare rooms on a short-term basis. PWC reports that the sector will grow from £15bn in 2013 to £335bn by 2025. The legal position in relation to
From 1 July 2016, purchasers who acquire ”indirect interests” in Australian land from a foreign resident may be required to withhold an amount equivalent to 10% of the purchase price and remit it to the Australian Taxation Office (ATO). This mandate is required under the new foreign resident capital gains tax withholding regime (CGT Regime).
