Assignment title: Information
1.Harry purchased land with improvements in Melbourne. The one page Section 32 Statement had attached to it a title search which had been conducted 18 months earlier, a 12 months old Municipal rate notice (not a land information certificate) and nothing else. Do you consider any aspect of S32 of the Sale of Land Act 1962 would apply?3.Harry purchased land in Victoria. The Section 32 disclosure statement contained several"strict" contractual conditions, which were not incorporated into the Contract Note. Advise Harrybriefly if he is bound by the contractual conditions in the Section 32.5.|f Gloria owned the rear property to Blackacre and had placed a covenant in the contract thatSam and Harry were prohibited from building more than one single storey dwelling house onBlackacre, how would such a restrictive covenant be incorporated into the Title?6.Anthea was granted a life estate in Blackacre by way of gift. Anthea won a substantial prize ina lottery and purchased the estate in fee simple in Blackacre. Advise Anthea of the status of herlife tenancy upon settlement of her purchase of the estate in fee simple.8.Murgatroyd's mum received a gift of $100,000 (from her first cousin) when Murgatroyd was 12years of age. The gift was accompanied by a signed letter stating the gift was:to be applied for the benefit of Murgatroyd until he reaches the age of 21 years, as [Murgatroyd'smum] sees fit",Murgatroyd's mum immediately decided to invest the money on Murgatroyd's behalf by purchasing Whiteacre, and she signed a document with her solicitor at the time of purchase declaring the true facts. The land was eventually registered in her name.Explain and advise Murgatroyd's mum of the likelihood of stamp duty being attracted under theDuties Act 2000 (Vie.) by her transferring the land from her name into Murgatroyd's name. Assume Whiteacre was purchased for $100,000 nine years ago and is now valued at$1 .000,000.96.How could the margin scheme apply where a newly constructed residential apartment is built (value $200,000 as at 1/7/2003), and sold for $244,000 on the 151 July 2005?98. What fees are due, and what documents are required for a plan of subdivision?65. Homer Simpson is selling his farm of two titles ( one old title and one torrens title) and the parties have agreed the vendor will provide two Transfer of land Act Titles. However the new purchaser does not want to pay GST and keep stamp duty to a minimum.What documents have to be prepared for the conversion to a Transfer of title?What advice could you offer to not pay GST, and reduce Stamp duty?If Homer leases a new warehouse does he have to pay GST if he and the landlord are registered for GST93.Calculate the land registry office fees on the lodgement of plans of subdivision containing the following number of lots.