Hey all,
Does anybody know if would I still be eligible for the first home buyers grant benefits for my first property if I am part of a family trust fund that has properties?
Hi Jas.
The answer to that question depends on the structure of the family trust and whether the properties in the family trust were purchased under your name. If your name is not on any of the Title's of the properties owned in the family tust then I would suggest you would still be entitled to the First Home Owners Grant as it can be argued that you have not purchased property before. Please take what I have written with caution as I do not know the specific structure of your Family Unit Trust nor do I know how your trust purchased the properties.
May I suggest you simply fill in the FHOG application and answer the questions truthfully and let the Govt tell you whether you qualify or not.
I hope this has been of benefit to you.
Kind regards,
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