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Starting Out replied to the topic First Home owners and investing in the forum No Subject

Mon, 29 Mar 2004 06:06:41 +0000

In case anyone who reads this is interested, i have found the answers (Thanks Simon)

You CAN claim the FHOG on a primary residence property if you already have an investment property- BUT ONLY IF ITS AFTER JULY 2000.

Evidence of this is on the Office of State revenues NSW webiste in the FHOG Frequestly asked questions page. See link below for…[Read more]

Mon, 29 Mar 2004 06:01:58 +0000

Simon,
Thanks.
I finally found something written on the OSR site in the FAQ section:
http://www.osr.nsw.gov.au/portal/page?_pageid=33,63440&_dad=portal&_schema=OSRPTLT

Q: I have owned an investment home previously. Can I still be eligible for the grant?

A person is not eligible if they or their spouse (including de facto spouse) has had a…[Read more]

Mon, 29 Mar 2004 05:24:23 +0000

Thanks Simon Macks!

It was a bit confusing- I read the Office of State revenues “FHOG scheme” factsheet, and they stated that you are ELIGABLE if:

” You and/or your spouse have not owned a residential property jointly, separately in any state etc.”

There is no mention of ownership of property for Investment purposes only, with regards to…[Read more]

Mon, 29 Mar 2004 01:58:52 +0000

Thanks GEO. Ill query the tax office.
FYI- I am in NSW and the investment is in QLD.