Can anyone confirm that the First Home Owners Grant is avaiable for kiwi’s who are permanent residents?
The state website says the below but the average kiwi who lives here is classified as a permanent resident for tax purposes are they? ANY KIWIS OUT THERE WITH EXPERIENCE ON THIS?
I dont want to have to go find a special visa and cant get residency yet as I’ve only been here 3 years.Permanent residents may be eligible to receive the grant. For the purposes of the First Home Owner Grant a permanent resident is:
the holder of a permanent visa as defined by the Migration Act 1958 (Cwlth), section 30(1); or
a New Zealand citizen who is the holder of a special category visa as defined by the Migration Act 1958 (Cwlth), section 32.New Zealand citizens, when lodging their application, will need to provide proof they hold a special category visa such as a copy of their passport showing photographic identification and the page of the passport showing the date of entry stamp into Australia.
I have just done a loan for a client who is a resident in Australia but he isnt an Australian Citizen. I am not sure if the ruling varies from state to state but this was a NSW transaction. In this case he EITHER had to be an Australian citizen or a permanent resident (which he was) .We got the First Home Buyers Grant approved so he got the $7000 grant, exemption from stamp duty on the purchase and exemption from stamp duty on the mortgage.
The documents that you have to supply is proof of residency and a copy of your passport so in his case we used his current NZ passport , a copy of his driver licence and evidence of the Australian address – an electriciby bill in his name with the address that he was living at plus an insurance policy with his current residential address.
Anita Marshall
Advanced Finance Solutions
http://www.advancefinance.com.au
[email protected]Yes Kiwi’s are generally eligible for the FHOG, but if they have owned a property in NZ before then they aren’t entitled to the Stamp Exemption as they aren’t first time home purchasers. Well thats in QLD anyway.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055In NSW, I know that as a Kiwi living here I was able to claim the FHOG, including stamp duty exemption.
I’d suggest a call to the Office of State Revenue in the state you’re looking at buying in. They are the ones who actually enforce the rules, so go straight to the horses mouth, so to speak.
good luck.
100% of the shots I don’t make don’t go in – Wayne Gretzky
Oh i love that quote Wayne. I put quotes of the week on all my emails – i might add that for this weeks if thats ok.
This weeks is “Dont take life to seriously – it isnt permanent”
Anita Marshall
Advanced Finance Solutions
http://www.advancefinance.com.au
[email protected]
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