All Topics / Legal & Accounting / tax/grant question

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  • Profile photo of picklesampicklesam
    Participant
    @picklesam
    Join Date: 2004
    Post Count: 55
    August 13, 2004 - 10:07 am

    hi guys, buying my first property, settlement soon, if i applied for the 1st home buyer’s grant, how long do i have to live in the house before renting it out as an investment property?

    am i better off not getting the grant since i won’t get a large tax deduction?

    Profile photo of tigercjntigercjn
    Participant
    @tigercjn
    Join Date: 2004
    Post Count: 7
    August 19, 2004 - 1:37 am

    as far as I know Just 6 months and the grant is worth more than the rent you would have received during that time

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    August 19, 2004 - 2:23 am

    All the details of the FHOG are outlined here:

    http://www.mortgagehunter.com.au/first-home-owner-grant.html

    Please email or post any specific questions.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 3 posts - 1 through 3 (of 3 total)

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