Starting Out replied to the topic First Home owners and investing in the forum No Subject 20 years, 7 months ago
In case anyone who reads this is interested, i have found the answers (Thanks Simon)
You CAN claim the FHOG on a primary residence property if you already have an investment property- BUT ONLY IF ITS AFTER JULY 2000.
Evidence of this is on the Office of State revenues NSW webiste in the FHOG Frequestly asked questions page. See link below for…[Read more]
Starting Out replied to the topic First Home owners grant & Investing in the forum Legal & Accounting 20 years, 7 months ago
Simon,
Thanks.
I finally found something written on the OSR site in the FAQ section:
http://www.osr.nsw.gov.au/portal/page?_pageid=33,63440&_dad=portal&_schema=OSRPTLTQ: I have owned an investment home previously. Can I still be eligible for the grant?
A person is not eligible if they or their spouse (including de facto spouse) has had a…[Read more]
Starting Out replied to the topic First Home owners grant & Investing in the forum Legal & Accounting 20 years, 7 months ago
Thanks Simon Macks!
It was a bit confusing- I read the Office of State revenues “FHOG scheme” factsheet, and they stated that you are ELIGABLE if:
” You and/or your spouse have not owned a residential property jointly, separately in any state etc.”
There is no mention of ownership of property for Investment purposes only, with regards to…[Read more]
Starting Out replied to the topic First Home owners and investing in the forum No Subject 20 years, 7 months ago
Thanks GEO. Ill query the tax office.
FYI- I am in NSW and the investment is in QLD.