Experience with claiming FHOG but never moving into the place?

Viewing 7 posts - 1 through 7 (of 7 total)

Marshes
Participant
@marshes
Join Date: 2009
Post Count: 33
September 14, 2009 - 1:52 am
Hi Guys,
Does anyone have experience with claiming the FHOG but not ending up moving into the house.
While i fully intend to move into the house, i am curious if anyone has experience with being unable to move into the house within the 6 month period.
Did the government come a knocking ?
pully
Member
@pully
Join Date: 2009
Post Count: 44
September 14, 2009 - 2:13 am
tell me, do you feel lucky?
i doubt they will do a door knock but all sorts of matching data goes on.
plus you would be unwise to think people do not talk, and it is surprising how often this happens.
regards.
coretex
Participant
@coretex
Join Date: 2009
Post Count: 25
September 14, 2009 - 4:22 am
not worth the risk of paying back $17000+ and fines!
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
September 14, 2009 - 7:44 am
Yes, there are plenty of people who were audited and had to give back the grant. Some court cases too.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
hydramax
Participant
@hydramax
Join Date: 2009
Post Count: 47
September 14, 2009 - 8:22 am
Hi everybody,
I'm pretty sure the rule is you have to move in within the first 12 months and stay for a minimum of 6 months. You can then move and rent it out again and you will still be eligable for the FHOG.
Hydra
goosehead
Participant
@goosehead
Join Date: 2006
Post Count: 38
September 14, 2009 - 10:50 am
Hey can you claim the FHOG when buying a PPOR if they have already own a IP?
Marshes
Participant
@marshes
Join Date: 2009
Post Count: 33
September 14, 2009 - 10:33 pm
thx guys.