All Topics / Help Needed! / FHOG and Stamp Duty Concessions

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  • Profile photo of jimmy26jimmy26
    Member
    @jimmy26
    Join Date: 2010
    Post Count: 1

    Hi All, I’m currently in the early stages of purchasing an investment property with 2 family members all with equal share (Property worth around $400,000). Of the 3 investors, 1 has purchased a home which they live in and exhausted their FHOG. The other 2 investors have never owned any property.

    My question is would we be entitled to any stamp duty concession on a pro rata rate (ie 66%)? Or would either of the 2 investors be entitled to any portion of the FHOG if they decided to live in it upon purchasing? Or does including one person who has previously owned property throw these benefits out the window?

     Cheers, Jimmy

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    no, i don't think so. All have to be first home owners to qualify.

    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

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