How we work

We listen and we tailor solutions to meet your individual circumstances.

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News and publications

JMA Legal publishes articles in a number of publications including the Law Society of NSW - read recent publications and search for topics of interest.

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Our practice

JMA Legal is a leading business law and property law firm in New South Wales with an established reputation and long history.

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Practice Areas

JMA Legal provides tailor-made client specific deeds for superannuation and trusts.

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Welcome to JMA Legal

JMA Legal is a specialised business law firm with a strong conveyancing and property law practice. We provide effective solutions to succession planning, wills and estate planning, revenue law problems and complex tax.

We tailor-make deeds for superannuation and trusts to meet the specific requirements of our clients.

Our property law team is involved with all aspects of residential, commercial, industrial, water and rural conveyancing.

All types of leasing, subdivision and interests in land such as creation of easements and rights of way are dealt with regularly.

JMA Legal has a large probate practice ranging from simple to very complex matters. We also act in family provisions matters.

JMA Legal advises private clients, small to medium sized enterprises, family businesses, agribusiness clients as well as accountants, lawyers, financial planners and management consultants.

Get in touch for more information about our services.

Latest Publications and News

Not all farmland is GST free

7 September 2016

Land values have taken off in your local area and clients of yours are considering selling part of their property to help fund their retirement and repay debt.

Your clients owned the land before Capital Gains Tax was introduced so you know the significant capital gain your client stands to make will not be a problem.

Husband and wife own the land jointly and operate their farm business in partnership. As its turnover is greater than $75,000 they are registered for GST. Continue Reading..

All Purchase and Sales of Property over $2M are subject to New Foreign Resident Laws

5 September 2016

Where a foreign resident disposes of certain taxable Australian property with a market value of $2M or more, the purchaser is required to withhold 10% of the purchase price and pay that amount to the ATO. It is impossible for a purchaser to know if a vendor is a foreign resident so vendors must provide a clearance certificate from the ATO, otherwise they are deemed a foreign resident. This regime applies to contracts entered into on or after 1 July 2016. Continue Reading..

New Identification Rules

4 September 2016

New NSW Conveyancing Rules came into effect on 1 May 2016 with full compliance required from 1 August 2016. The new Rules include Verification of Identity requirements (VOI) for clients and have evolved to reduce fraud and to enable practitioners to move towards electronic conveyancing of property transactions. All Australian Legal Practitioners, Law Practices and Licensed Conveyancers acting on behalf of a client are required to take reasonable steps to verify the identity of each of their clients at the commencement of a transaction relating to real estate including selling, mortgaging, leasing and even handing over a title deed from safe custody. Continue Reading..

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Tax Stings

Not all farmland is GST free

7 September 2016

Land values have taken off in your local area and clients of yours are considering selling part of their property to help fund their retirement and repay debt.

Your clients owned the land before Capital Gains Tax was introduced so you know the significant capital gain your client stands to make will not be a problem.

Husband and wife own the land jointly and operate their farm business in partnership. As its turnover is greater than $75,000 they are registered for GST. Continue Reading..

Tax exemptions: hidden duty stings

5 August 2016

This article was published in this month's edition of the Law Society Journal of NSW. George and Genevieve’s accountant has made an appointment for them see you mainly in relation to their daughter Helen. Following family unhappiness, George and Genevieve have agreed to transfer the family business company to Helen with their other child, Harry, receiving nothing until after their deaths. They don’t want Helen to take a second bite at the cherry when the time comes. They are to fix up their wills at the same time.  Continue Reading..

When is a foreigner not a foreigner?

7 July 2016

You have been acting for the Smith family for the past 10 years and have recommended several times that they put a succession plan into place in relation to their farming enterprise as Bob and Nancy are well into the 60’s. Family discussions finally started taking place nearly a year ago where it was agreed that Bob and Nancy would transfer 1600 acres of farmland to one of their sons Fred, in exchange for a lifetime annuity. Nancy and Bob’s other son James was to inherit a beach house in Noosaville upon the death of Nancy, and there was a cash account that would be split equally between Fred and James. Everyone seemed happy enough with the arrangement. Nancy and Bob’s wills were updated accordingly and transfers and deeds were drafted. Continue Reading..

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Legally Speaking

All Purchase and Sales of Property over $2M are subject to New Foreign Resident Laws

5 September 2016

Where a foreign resident disposes of certain taxable Australian property with a market value of $2M or more, the purchaser is required to withhold 10% of the purchase price and pay that amount to the ATO. It is impossible for a purchaser to know if a vendor is a foreign resident so vendors must provide a clearance certificate from the ATO, otherwise they are deemed a foreign resident. This regime applies to contracts entered into on or after 1 July 2016. Continue Reading..

New Identification Rules

4 September 2016

New NSW Conveyancing Rules came into effect on 1 May 2016 with full compliance required from 1 August 2016. The new Rules include Verification of Identity requirements (VOI) for clients and have evolved to reduce fraud and to enable practitioners to move towards electronic conveyancing of property transactions. All Australian Legal Practitioners, Law Practices and Licensed Conveyancers acting on behalf of a client are required to take reasonable steps to verify the identity of each of their clients at the commencement of a transaction relating to real estate including selling, mortgaging, leasing and even handing over a title deed from safe custody. Continue Reading..

Reasonable care

18 August 2016

Beware of signs when skiing and ensure you are satisfied as to where it is safe to ski whether it is on water or at the snow this winter!  Continue Reading..

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eNews

New laws affect all vendors and purchasers selling or buying property over $2m

19 May 2016

From 1 July 2016, new laws affect all vendors and all purchasers selling or buying property over $2,000,000 in Australia. All vendors who sell a property valued at $2M or more will have 10% of the sale price withheld by the purchaser, UNLESS they can provide a clearance certificate from the Australian Tax Office showing they are an Australian resident on or before settlement. All purchasers who are buying property have to pay to the ATO 10% of the purchase price UNLESS they have received a clearance certificate from the vendor. Severe penalties apply if this is not done. Continue Reading..

New and generous small business rollover relief

11 May 2016

Subdivision 328-G commences on 1 July 2016. All passed and ready to go - and very generous. The provisions apply to small business entities - those with an aggregated turnover of less than $2 million. There must be no change in underlying ultimate ownership by individuals. Transfers can be between individuals, companies, partnerships and trusts - but not superannuation funds. Continue Reading..

Buy-sell agreements/ life insurance/ self managed super funds

7 May 2015

It is not uncommon in buy sell agreements to have a partner/shareholder’s exit funded by a life insurance policy held by the partner/shareholder’s self managed superannuation fund. Continue Reading..

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Super Snippets

SMSF - Non-bank LRBA - 30 June deadline

14 April 2016

It is strongly recommended that non-bank SMSF limited recourse borrowing arrangements ("LRBAs") be reviewed to ensure compliance with the safe harbour guidelines published by the ATO last week (see PCG 2016/5).  Continue Reading..

Holiday homes and self managed super funds

18 December 2015

Summer holidays are just around the corner and many of us flock to the beach and rent a house on the coast for a week or two. This is often a time when coastal real estate agents bombard holiday makers with property brochures hoping that they might make a sale.  Continue Reading..

Life insurance and buy-sell agreements

16 October 2015

The ATO has recently released ATO ID 2015/10 that clarifies the ATO’s view as to whether a SMSF contravenes super legislation by purchasing a life insurance policy that covers the life of a member where the purchase is dependent on a buy-sell agreement.  Continue Reading..

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We provide tailor-made client specific deeds for superannuation and trusts, in addition to document packages for standard situations, available for purchase online.
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