I’m technically ineligible for FHOG because my name was put on one of my parents properties, even though it was before I was 18, and therefore without my written consent. But that’s beside the point…
My question is, they don’t live in this property (it’s just a weekender). If this property was an investment property, I would be eligible for FHOG. How does one define an investment property? Is it legally required to be rented out? What if they use it as a weekender, but will clearly make a massive capital gain out of it if they sell it?
If you have never lived in it and it was bought after July 2000 you are still eligible for the FHOG.
See
http://www.osr.nsw.gov.au/portal/page?_pageid=33,63398&_dad=portal&_schema=OSRPTLT
Hope this helps.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
purchased in 92…. lived in? if you count the occasional weekend, but it isn’t a PPOR. it’s just that it’s not rented out.
Under the guidelines you are ineligible.
Sorry,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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