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Q&A: Options

Published on 01 May 05 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

It is often the case that a developer wishes to acquire land, but only if the developer is successful in having the land rezoned and obtaining development approval. Given the expense the developer will go to in obtaining the rezoning and development approval, the developer wants to be sure that the land is not sold to someone else in the mean time. In such circumstances it may be desirable for the owner of the land to grant the developer an option to acquire the land.

Author profiles:

Author Photo - Michael PARKER
Michael PARKER
Michael is Partner at Hall & Wilcox, Lawyers. Michael's practice focuses on Capital Gains Tax, business sales, acquisitions & restructuring and business sales & acquisitions.
Current at 22 October 2007 Current at 02 November 2007 Click here to expand/collapse more articles by Michael PARKER.
 
Graham WARREN
Graham is a Solicitor at Hall & Wilcox Lawyers.
Current at May 2005 Current at 19 November 2004 Click here to expand/collapse more articles by Graham WARREN.

 

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