We bought our first home which had tenants and claimed the first home owner transfer duty concession in QLD. We are moving in 11 months and 3 weeks after transfer date and have just been contacted by OSR that we no longer apply to the concession as we extended the lease with the tenants. The application form for the concession (OSR d2.1) clearly states that we had 12 months to move in but OSR are claiming we have disposed of the property by extending the current lease. I have read the Duties Act 2001 and there is not anything stating this and the form OSR d2.1 is misleading with the term "dispose" (dispose means to get rid off last time I looked in the dictionary!!)
Please if any body has any advised contact me as we looking at a $15000 bill and we may have to sell before we can even move into our first home.
sincerely dispaired
todd macca
Please if any body has any advised contact me as we looking at a $15000 bill and we may have to sell before we can even move into our first home.
sincerely dispaired
todd macca