FHOG

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From: David Vernon


Could anyone explain to me the process involved with FHOG with regards to wraps.
My assumption is that it's paid to the vendor by the government at settlement. What happens on a wrap when settlement doesn't actually take place for maybe 25 years?

Thanks in advance,

David Vernon
 
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Reply: 1
From: Michael G


Hi,

Read...

FIRST HOME OWNER GRANT ACT 2000 - SECT 13
Eligible transaction

13. Eligible transaction

(5) An eligible transaction is completed when-

(a) in the case of a contract for the purchase of a home-

(i) the purchaser becomes entitled to possession of the home under the
contract; and


Regards
Michael G
 
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From: David Vernon


Thanks Michael.
 
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