Articles in Real Estate

NEW INSPECTION REQUIREMENTS IMPOSED ON SOME MULTI-FAMILY BUILDING OWNERS

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Owners of multi-family buildings, beware! A new law that went into effect in September 2018 imposes new requirements regarding inspections, reporting and repairs that could result in significant penalties and even property foreclosure for non-compliant owners. This new law (SB 721) affects owners of multi-family buildings containing at least three units and featuring an exterior elevated element with a load-bearing Read More

Holding Redlich: 2018 year in review – the top issues and where to next

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As 2018 rapidly draws to a close, our practice group experts take a magnifying glass to the top issues from the year - and outline what they expect to dominate in 2019. We examine the key issues in: Competition & Consumer: A review of the ACCC's actions this year in relation to its 2018 enforcement priorities Construction & Infrastructure: A year of Read More

Opportunity Zone Program Offers Attractive Tax Benefits for Long-Term Investors

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The Opportunity Zone program was created as a provision of the Tax Cuts and Jobs Act of December 2017. The program was developed with the intent to help encourage investment in economically distressed communities – called qualified opportunity zones (QOZs) – by allowing taxpayers to invest realized capital gains in qualified opportunity funds (QOFs). Investors in QOFs are granted both Read More

A New Zone of Opportunity – Worth the Investment

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It’s no secret that last December, President Donald Trump was undertaking significant efforts to have the Tax Cuts and Jobs Act of 2017 (“Act”) passed by Congress. Like other major federal legislation reform efforts that had come before it, the Act included certain provisions establishing new (or revising existing) programs that many simply were not aware of, or with which Read More

Rebates for foreign developers and changes for First Home Owners – a review of the new NSW Stamp Duty regime

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On 27 June 2017, the NSW Government passed the State Revenue and Other Legislation Amendment (Budget Measures) Act 2017 (NSW) which has implemented changes to the current NSW stamp duty regime. the introduction of a rebate and exemption process for foreign developers liable to the current ‘foreign person surcharge’; and a revised First Home Owner incentive package. The aim of Read More

Preliminary view of the new mortgage law

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Federal Law no (20) of 2016 concerning the mortgage of movable assets as a security for a debt (the “Law”) was recently issued in the UAE and it provides a neat and tidy solution for creditors to create a security/lien over moveable asset within the UAE. Particular dote should be paid to the fact that a creation of a fixed Read More

New energy requirements turn up the heat in the commercial property market in Scotland

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New energy performance regulations that came into force in Scotland last month (September 2016) could have significant financial implications for owners and tenants of commercial property. On the one hand, the regulations will add costs for owners and tenants. On the other, owners or tenants who do their homework can manage the cost and even benefit from the change – Read More

Gifting of Property in the Emirate of Dubai

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Property inheritance within UAE jurisdiction, can often prove to be challenging for investors who are conscience of the impacts of the same.  In the Emirate of Dubai, for non-Muslims the option of creating a will to better protect these assets post-mortem (recently further upgraded through the creation of the Wills and Probate Register within the DIFC), is readily available, this Read More

Structuring of Real Estate Property Ownership in Dubai

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Article 4 of Law No. 7 of 2006 (“Dubai Property Law”), is the law governing real property ownership in Dubai and provides that the right to own property in the Emirate of Dubai is restricted to UAE (United Arab Emirates) and GCC (Gulf Cooperation Council countries) nationals and to companies wholly owned by them, as well as to public joint Read More