Hi Guys,
Just wnated to ask whether anyone knows more about this…
I've read somewhere that the government will grant owners of "new homes" of $6000 in rebate for 10 years if rents are charged at 20% below the standard rate..
In other words if the standard is 350 and you charge 280, you make a 70 loss however through the rebate you'll get back 120 (50 the difference)
Does anyone know what the definition of "new homes" is? it it a property that has been lived in (i.e. just been built), is it a property that is less than x years old, is it houses only (excl. units and apartments), etc….
Also, is the rebate in after tax dollars or before?
Also when will this new scheme officially commence?
All feedback welcome!
Cheers
Hi Kenzel
Where have you heard about this scheme? Normally http://www.sro.vic.gov.au it the place to go for that sort of information (first home owners etc) but i couldn't find anything?
Best of luck
Cheers Banjo
google first home Savers accounts (FHSAs)
I have heard about it, so know it is out there but unfortunately don't know too many of the details. I would try the tax department though cause I'm pretty sure it is a $6000 tax deduction.
Angela
I think it is commencing Sep/Oct
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