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First Home Owner Grant
FHOG General Information
To offset
the impact of the introduction of the
goods and services tax (GST), the
Commonwealth has requested that the States
and Territories assist first home buyers
through the establishment of the First
Home Owner Grant (FHOG).
The First
Home Owner Grant applies from 1 July 2000.
Each State and Territory Revenue Office is
responsible for administrating the grant
in their respective jurisdictions.
The broad
principles of the grant are:
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Eligible
applicants will be entitled to a one-off
$7,000 payment towards the construction
or purchase of an existing home (not
land).
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Eligible
applicants must be natural persons, who
are Australian citizens or permanent
residents.
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To
qualify for assistance, neither the
applicant nor their spouse (or de facto)
must have previously owned a home,
either jointly, separately or with some
other person.
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Entering
into a binding contract or commencement
of building, in the case of
owner-builders, must have occurred on or
after 1 July 2000.
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An
eligible home will be located in
Australia and will be a new or
established house, home unit, flat or
other type of self contained fixed
dwelling that meets local planning
standards.
-
An
eligible home must be intended to be a
principal place of residence and
occupied within a reasonable period.
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Assistance will not be means tested.
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Joint
applicants will be restricted to a
single application for a single property
and only one payment will be made.
The grant
assistance will not be means tested and
joint applicants will be restricted to a
single application for a single property
and only one payment will be made. If the
consideration of the home is less than
$7000 then the grant amount paid to the
applicant will equal the consideration.
You may be eligible for the
Federal Government First Home
Owner Scheme (FHOG) or stamp
duty concessions. For more
information, please contact
your local State or
Territorial Revenue Office:
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