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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 details:
http://www.osr.nsw.gov.au/portal/page?_pageid=33,63440&_dad=portal&_schema=OSRPTLT
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 relevant interest in any residential property in Australia prior to 1 July 2000, whether they live in it or not.
However, a person may be eligible if they or their spouse (including de facto spouse) has only ever had a relevant interest in any residential property in Australia on or after 1 July 2000 and they have not resided in that property.
SO therefor, as the Investment purchase would be after July 2000, i could still claim the FHOG later on my primary residence. (WOO HOO!!)
Thanks Simon, you have been most helpful.
Your webpage is also very good.Kind Regards,
Lauren
[strum]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 in-eligability for the FHOG.
I plan to buy the investment alone and NEVER live in it. (its in a different state), and my partner and I want to buy our 1st home shortly and claim the FHOG.
I wanted to be sure that I dont loose the FHOG as it is not really fair to him.
I have emailed this question to the Office of State revenue, but they have not answered my question.
Do you know of any legal online reference that quotes that “If you have a property ONLY for investment purposes that you are still elligable for the FGOG” ??
I appreciate your comments.
Thanks.[thumbsup2]Thanks GEO. Ill query the tax office.
FYI- I am in NSW and the investment is in QLD.
