All Topics / Legal & Accounting / FHOG question

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  • Profile photo of kalvinkalvin
    Member
    @kalvin
    Join Date: 2008
    Post Count: 3
    May 12, 2009 - 11:16 am

    hi all,

    hope someone can help me to clarify about the FHOG.

    I am planning to purchase a property with my brother, by using both our name.

    the question is, will we be able to use my FHOG? considering he have had a house under his name?

    cheers

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 12, 2009 - 1:48 pm

    all people on the title must qualify.

    So if he has owned a property before 2001 he won't qualify. If he had owned a rental property, but not an owner occupied property after 2001, he might still be ok.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of kalvinkalvin
    Member
    @kalvin
    Join Date: 2008
    Post Count: 3
    May 13, 2009 - 10:18 am

    ok, thanks for the information Terry.

    cheers

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