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I recently purchased a commercial property under personal name. The property has long term tenants who continue to rent the place. There are no lease contracts in place and we'd like to keep it that way. I am not registered for G.S.T and am not required to at this point (Total rent is not...

Hi everyone, My parents own a commercial property which they'd like to transfer/sell to me. Reason being they're in their late 50s and would like to get rid of it in order to qualify for age pension in 6-7yrs time. They purchased the property around 8 yrs ago and have been using it to run their...