Are there any tax reductions for FHBs or PPoRs?


Filing tax returns is going to be around the corner soon. Are there any tax reductions for first home buyers ? Or any tax breaks for people who have purchased their PPOR ?

No. Nothing whatsoever impacts the return other than your home address on the cover may change.

The major benefit of a owner occupied home is
1. CGT exemption for the main residence; and
2. Land tax exemption for the principle place of residence

You don't need to fill in anything or do anything for these to apply (If a property was subject to land tax you may need to advise OSR that its now the home)