suefrater Posted June 8, 2015 Report Share Posted June 8, 2015 Hi all Not sure if anyone has come up against this issue but I thought i'd ask. We have now been issued our parent visa's and are in the process of having a new home built in Amberton, Eglinton, which is North of Perth. We are still in the U.K until my other half can get an early retirement package from his work which unfortunately doesn't seem to be in the near future!! We hoped to be eligible for the $10,000 FHO grant but apparently you have to reside in your new Oz home within 12 months of the build being completed, which is highly unlikely for us as things stand. I have been informed we can apply for an extension on the 12 month rule and I wondered if anyone had applied for this extension and know how long they will extend the time or whether it all depends on your circumstances. Also a Stamp Duty Rebate can be applied for but I think this also ties in somewhere with the FHO grant, so we could well miss out on that too. If anyone has any useful info on this it would be gratefully received!!! Quote Link to comment Share on other sites More sharing options...
Druid Posted June 30, 2015 Report Share Posted June 30, 2015 I know about the 12 month rule, this is to ' Deter' first time builders building an investment home, I wasnt aware this could be extended, I know of people who rent out the new build with an initial 6 month lease, then ongoing for a maximum of another 4-5 months, the owners then move back in for the last month and stay for a year, then rent it back out after the year is up. The stamp duty rebate kicks in once you are building your house, even as soon as your slab is down, if you have a house and land package your Settlement Agent should have put the rebate through straight away so you paid less stamp duty to start with, we are only talking maybe a $1000 or so as a rebate, if you are already building you can get it straight away. Quote Link to comment Share on other sites More sharing options...
nikkiwd Posted June 30, 2015 Report Share Posted June 30, 2015 I know its not quite the same as we bought an established home but the stamp duty discount was linked to us being approved for the first home owners grant, in fact our settlement was delayed by a couple of days due to the lazy folks down the finance department not giving us the approval in time, therefore we would have had to pay the full rate of stamp duty on settlement if we hadn't have been able to delay until the approval came through. Quote Link to comment Share on other sites More sharing options...
suefrater Posted July 1, 2015 Author Report Share Posted July 1, 2015 I know about the 12 month rule, this is to ' Deter' first time builders building an investment home, I wasnt aware this could be extended, I know of people who rent out the new build with an initial 6 month lease, then ongoing for a maximum of another 4-5 months, the owners then move back in for the last month and stay for a year, then rent it back out after the year is up. The stamp duty rebate kicks in once you are building your house, even as soon as your slab is down, if you have a house and land package your Settlement Agent should have put the rebate through straight away so you paid less stamp duty to start with, we are only talking maybe a $1000 or so as a rebate, if you are already building you can get it straight away. Thanks for the info Druid. Would you happen to know, if for any reason, i:e we aren't able to emigrate and consequently not be able to move in to our new home in time to get the FHOG, will we still be eligible to get the stamp duty rebate? or do you have to have the FHOG in order to get the stamp duty rebate? Thanks for your imput. Quote Link to comment Share on other sites More sharing options...
Druid Posted July 2, 2015 Report Share Posted July 2, 2015 As far as I am aware the stamp duty rebate is not linked to the FHOG! If you bought your land seperately you would have been charged a higher rate of stamp duty, once you put your slab down you would have qualified for the rebate, like I said before the rebate is not a huge amount, its not like you going to get all your stamp duty back, we are only talking around $1000 if that, your settlement agent should be able to sort it out, if your house is mortgaged the person that arranged your mortgage can get you the FHOG, you dont have to be living in the house to qualify, we got our FHOG just after the slab went down, the bank applied for it and got it for us and that was almost a year ago, we are still building, hoping to move in August. Quote Link to comment Share on other sites More sharing options...
suefrater Posted July 2, 2015 Author Report Share Posted July 2, 2015 As far as I am aware the stamp duty rebate is not linked to the FHOG! If you bought your land seperately you would have been charged a higher rate of stamp duty, once you put your slab down you would have qualified for the rebate, like I said before the rebate is not a huge amount, its not like you going to get all your stamp duty back, we are only talking around $1000 if that, your settlement agent should be able to sort it out, if your house is mortgaged the person that arranged your mortgage can get you the FHOG, you dont have to be living in the house to qualify, we got our FHOG just after the slab went down, the bank applied for it and got it for us and that was almost a year ago, we are still building, hoping to move in August. That's brilliant Druid, thanks for all that info. I'll get back on to my settlement agent, anything back is better than nothing! We are also still building, the roof is going on as we speak!! Good luck with your move in August. Thanks again. Quote Link to comment Share on other sites More sharing options...
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