All Topics / Help Needed! / First Home Owners Grant (FHOG) – Loopholes?

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  • Profile photo of wgamlinwgamlin
    Member
    @wgamlin
    Join Date: 2004
    Post Count: 1
    July 30, 2004 - 9:57 am

    Hi,
    I have just made my fist purchase of property in rural WA. A duplex block where I am planning to build two homes for rental. I am aware that the FHOG has just been increased in WA, to include a stamp duty relief. This can be up to $15,000 and I would like to take advantage of it. I live in Perth, so it is obvious I am not going to live in the homes.
    Has anyone been in a similar situation and made advantage of this grant? Can you leave it vacant for 6 months and then start renting it out?
    I would really appreciate anyone’s input on this topic.
    Will

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    July 30, 2004 - 11:14 am

    You need to live in the property for 6 months starting within the first 12 months.

    Simple as that.

    Is there any way you can occupy it?

    Hope it works out,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 2 posts - 1 through 2 (of 2 total)

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