All Topics / Help Needed! / Experience with claiming FHOG but never moving into the place?

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of MarshesMarshes
    Participant
    @marshes
    Join Date: 2009
    Post Count: 33

    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 ?

    Profile photo of pullypully
    Member
    @pully
    Join Date: 2009
    Post Count: 44

    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.

    Profile photo of coretexcoretex
    Participant
    @coretex
    Join Date: 2009
    Post Count: 25

    not worth the risk of paying back $17000+ and fines!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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

    Profile photo of hydramaxhydramax
    Participant
    @hydramax
    Join Date: 2009
    Post Count: 47

    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

    Profile photo of gooseheadgoosehead
    Participant
    @goosehead
    Join Date: 2006
    Post Count: 38

    Hey can you claim the FHOG when buying a PPOR if they have already own a IP?

    Profile photo of MarshesMarshes
    Participant
    @marshes
    Join Date: 2009
    Post Count: 33
Viewing 7 posts - 1 through 7 (of 7 total)

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