“Good in parts” (Like the curate’s egg) Transfer duty threshold increased by 10% You pay no transfer duty if the property you are buying sells for less than the set
Category: Property Law
Property law is a branch of private law that governs the rights and responsibilities of individuals regarding “things” or objects, defining how property can be owned, acquired, and transferred. It involves regulating the relationships between people and objects, harmonizing competing interests, and ensuring individual property rights. Key aspects include defining what can be owned, establishing how to acquire property through various means, and regulating the transfer of ownership.
Key Concepts
Real Rights:
These are rights a person holds over a specific thing, such as a piece of land or a movable object.
Ownership:
The most complete and absolute right a person can have over a thing.
Legal Subjects and Objects:
Legal subjects are individuals or entities that can have rights and duties, while objects are the things (tangible or intangible) that people can have rights over.
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