Q & A - Conveyancing & Property

Q: What is the requirement for First Home Owner Grant (New Home) Scheme?
A:

To be eligible for FHOGS, you must:

  1. Be an Australian citizen or permanent resident over 18 years old; and
  2. Have never owned or co-owned a home in Australia; and
  3. Have never received a FHOG in Australia; and
  4. Occupy the new home as your principal place of residence for a continuous period of at least 6 months commencing within 12 months of completion of the transaction; or
  5. Move in within 12 months after the construction is complete if you are building a new home.

Q: What is the cap for the Stamp Duty Exemption?
A:

For new and existing homes, if its dutiable value is less than $650,000, the applicant is eligible for a full exemption from transfer duty. However, if the dutiable value is between $650,000 and $800,000, the applicant is eligible for a concession calculated based on the concession rate.


Q: What is the requirement for stamp duty exemption?
A:

To apply First Home Benefit Assistance Scheme, you must:

  1. Be the purchaser of a Contract for purchase of a whole property dated on or after 1 July 2017; and
  2. Be an Australian citizen or permanent resident over 18 years old; and
  3. Never have owned or co-owned residential property in Australia; and
  4. Never have received an exemption or concession under FHBAS; and
  5. Move into the subject property within 12 months after completion of the agreement or transfer; and
  6. Occupy the subject property as your principal place of residence for at least six continuous months.

Q: Am I entitled to a land tax exemption?
A:

You are able to claim a land tax exemption for one property if you occupy that property as your principal place of residence. In order to claim this exemption, you must satisfy the following requirements:

  1. Being a natural person, a beneficiary of a concessional trust, a life tenant or a person with a right to reside under the will;
  2. Has used the land for residential purposes;
  3. Have continuously used and occupied the property solely for residential purposes prior to the taxing date;
  4. The property must be principal of place of residence for at least one owner.

You must provide utility bills upon the property when you lodge the application.


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