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  • Profile photo of happyghappyg
    Member
    @happyg
    Join Date: 2004
    Post Count: 4
    October 11, 2004 - 2:58 am

    Thanks Geo.

    yes I do need to put on the business head before rushing in.

    also thanks to Steve and all on the forum for giving me the seed and inspiration. I will certainly make use of my education and look forward to the road ahead.
    [thumbsupanim]

    ~Its getting hot in here

    Profile photo of happyghappyg
    Member
    @happyg
    Join Date: 2004
    Post Count: 4
    October 6, 2004 - 7:47 am

    I spoke with OSR today with similar inquiry. It seems First Home Owner Grant(FHOG) and First Home Plus have slightly different eligibility criteria.

    First Home Owners Grant (7K)
    is available to you if you
    a) never owned any residential property before 1 July 2000 (regardless of if you lived in or not) AND
    b) never occupied a residential property which you owned on or after 1 July 2000.

    First Home Plus (Stamp Duty exempt)
    is available to you if you have never owned residential property ever (regardless of if you lived in it or not).

    So if you own nothing today and buy an IP, you will forgoe the First Home Plus savings but will still be able to receive the FHOG later when you buy a personal property to live in. On the other hand if you buy a personal first you can go for both…cool

    details on http://www.osr.nsw.gov.au

    Its getting hot in here

    Profile photo of happyghappyg
    Member
    @happyg
    Join Date: 2004
    Post Count: 4
    October 6, 2004 - 6:08 am

    Was just looking at land tax today…

    OSR also has a useful website for NSW
    http://www.osr.nsw.gov.au [biggrin]

    Its getting hot in here

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