Form - Instruction Form (Vendor)

Instruction Form (Vendor)

Step 1 of 9 – Vendor Details

Instruction Form (Vendor)

Land(Required)

Street Address Suburb State Postcode

Is the Vendor an Individual/s or a Company?(Required)

Individual/s

Company

Both (Company & Individual)

Vendor/s

Company Name(Required)

ACN(Required)

Email(Required)

Phone(Required)

Is the land held on Trust(Required)

Yes

Trust Name(Required)

Vendor Name(Required)

First Middle Last

Date of Birth(Required)

Email(Required)

Phone(Required)

Add Another Vendor(Required)

Yes

Vendor Name (2)(Required)

First Middle Last

Date of Birth(Required)

Email(Required)

Phone(Required)

Add Another Vendor (3)(Required)

Yes

Vendor Name (3)(Required)

First Middle Last

Date of Birth(Required)

Email(Required)

Phone(Required)

Purchaser/s Details

Contract

Contract for the Sale and Purchase of Land dated between the Vendor and the Purchaser in relation to the Land

Purchaser/s Name(Required)

Name

Purchaser/s Address(Required)

Street Address Suburb State Postcode

Contact Person(Required)

First Last

Email(Required)

Phone(Required)

Comments

Please provide additional detail here.

Vendor Bank Account Details

Any settlement funds will be deposited into your nominated account below. To prevent cyber-fraud, you must verbally confirm these account details by calling our office prior to settlement.

Account Name(Required)

BSB Number(Required)

Account Number(Required)

Mortgage

Is there a mortgage registered over the Property?(Required)

Yes

Discharge(Required)

Whole

Partial

Mortgagee Name(Required)

Lender Name (if different)

Loan Account Number(Required)

Borrowers on mortgage(Required)

Comments

Please provide additional detail here.

Possession

Is the Property Tenanted(Required)

Yes

Managing Agent(Required)

Managing Agent Name(Required)

First Last

Managing Agent Phone(Required)

Managing Agent Email(Required)

Is there a residual bond?(Required)

Yes

Will the property be vacant prior to settlement?(Required)

Yes

Comments

Please provide additional detail here.

Goods and Services Tax (GST)

Is the Property “new residential premises” or “potential residential land?”(Required)

For further information: https://www.ato.gov.au/Business/GST/In-detail/Your-industry/Property/GST-at-settlement/#Ifyouaresellingproperty

Yes

YES

i.e. new residential premises – house & land, off-the-plan, display home, new apartment or potential residential land – property subdivision plan, land that could be used to build new residential premises

NO

i.e. new residential premises created through substantial renovations, commercial residential premises (hotels, boarding houses, caravan parks), commercial property, residential premises that are no longer new because they were sold previously (or subject to a long-term lease) or have been continuously and solely rented for more than five years, potential residential land supplied to a GST registered business that acquired it for a creditable purpose – for example, to develop land, construct and sell new residential premises), potential residential land containing a building in use for commercial purposes – for example a factory or shop operated where local zoning permits mixed use

Is GST Withholding applicable(Required)

(Note: Please obtain independent financial advice in relation to GST withholding)

Yes

Does the Margin Scheme apply(Required)

(Note: Please obtain independent financial advice in relation to GST withholding)

Yes

Registered ABN

(if applicable)

Comments

Please provide additional detail here.

File Upload

Drop files here or

Max. file size: 50 MB.

Capital Gains Tax (CGT)

Have you sought advice regarding CGT payable in relation to the Property

(Note: If not, we suggest that you do so as soon as possible.)

Yes

Other Comments

Is there anything else you would like us to know.

File Upload

Is there anything else you would like to attach.

Max. file size: 50 MB.

Foreign resident capital gains withholding

see Conveyancing – Vendor Guide for further information

Are you a Citizen/ Permanent Resident(Required)

Yes

Clearance Certificate Application (Citizens/Permanent Resident)

Yes – Additional fee of $220 will apply per application

No – Contact your accountant to complete the application ASAP or alternatively, you may complete the application at https://www.ato.gov.au/single-page-applications/frwt-certificate

Independant Financial Advice

If you do not hold Citizen / Permanent Resident Status please obtain independent financial advice in relation to any foreign resident capital gains withholding.

Clearance Certificate Application

Full Name

Tax File Number

Date of Birth

Day

Month

Year

Has your residency status changed since your last tax return or will it change before you sell the Property?

Yes

Have you lodged a tax return for the last two (2) years?

Yes

Are you holding the property on behalf of a foreign resident or on behalf of other entities that include a foreign resident?

Yes

Full Name

Tax File Number

Date of Birth

Day

Month

Year

Has your residency status changed since your last tax return or will it change before you sell the Property?

Yes

Have you lodged a tax return for the last two (2) years?

Yes

Are you holding the property on behalf of a foreign resident or on behalf of other entities that include a foreign resident?

Yes

Full Name

Tax File Number

Date of Birth

Day

Month

Year

Has your residency status changed since your last tax return or will it change before you sell the Property?

Yes

Have you lodged a tax return for the last two (2) years?

Yes

Are you holding the property on behalf of a foreign resident or on behalf of other entities that include a foreign resident?

Yes

Declaration

Declaration(Required)

By executing or marking this document where indicated below, you are authorising Precision Legal Pty Ltd to act on your behalf in relation to the conveyancing for the purchase of Land pursuant to the Contract in accordance with this Purchaser Instruction Sheet:

I/We agree.

I/We agree.(Required)

Name/s

Date(Required)

DD slash MM slash YYYY

This field is for validation purposes and should be left unchanged.

Form – Instruction Form (Vendor)

Instruction Form (Vendor)

Instruction Form (Vendor)

Vendor/s

Purchaser/s Details

Contract

Vendor Bank Account Details

Mortgage

Possession

Goods and Services Tax (GST)

YES

NO

Capital Gains Tax (CGT)

Other Comments

Foreign resident capital gains withholding

Independant Financial Advice

Clearance Certificate Application

Declaration