Question: If I were to purchase an investment property that would be occupied by tenants for more than 12 months, I understand that this would disqualify me for the FHOG. Now what if circumstances drastically changed within the 12 months and I had to move into the property and then stay there for the minimum of 6 months, is there any way of claiming for the FHOG in this situation or would I have just blown $7000.
You can claim the FHOG within the first 12 months.
Go to http://www.mortgagehunter.com.au/first-home-owner-grant.html
Then follow the links to your state government requirements.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Here what I have learned from Mortgage Hunter and did more research and found:
Q: 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.Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
You must be logged in to reply to this topic. If you don't have an account, you can register here.
