All Topics / Legal & Accounting / IP without loosing FOHG inVictoria ?

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  • Profile photo of syedh18022syedh18022
    Participant
    @syedh18022
    Join Date: 2003
    Post Count: 7

    Hi All, 

    Can IP be bought without loosing the FHOG in Vic? if yes,  than how ? & where do I go to comfirm it, I could not locate such information on  the Vic  State Rev site, can any one help !!!
    Cheers  

    Profile photo of beaniemonsterbeaniemonster
    Participant
    @beaniemonster
    Join Date: 2006
    Post Count: 48

    Hi, there is actually a lengthy article regarding this in the latest edition of 'Aus Property Investor' magazine which you can pick up from the newsagent for $8.95.  It has a website at the bottom of the article to go to for further help http://www.sro.vic.gov.au

    hope this helps you out,

    Profile photo of syedh18022syedh18022
    Participant
    @syedh18022
    Join Date: 2003
    Post Count: 7

    Thanks Beaniemonster, I have just finsihed reading the article, it is fairly genral, very broad, non specific, the sro site, has things all over the place, I will keep looking and keep those interested posted.
    Cheers

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    . Are you eligible to receive the grant?

    To be eligible to receive the grant, the following criteria must be satisfied:

    • You and your spouse/partner must not have received a grant in any State or Territory of Australia.
    • You and your spouse/partner must not have owned residential property, either jointly, separately or with some other person prior to 1 July 2000, in any State or Territory of Australia
    • You and your spouse/partner must not have occupied for a continuous period of at least 6 months, a residential property in which either of you acquired a relevant interest on or after 1 July 2000 in any State or Territory of Australia.
    • You must be a natural person (not a company) and at least 18 years of age at the time of settlement or completion of construction

    The bold section is the key.  It allows you to hold any property after July 2000 as long as you never live in it.

    http://www.sro.vic.gov.au/sro/SROWebSite.nsf/rebates_fhog.htm

    Trust me – I am a Mortgage Broker

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