re; First IP property not waiving right to FHOG

[hwd007]

re; First IP property not waiving right to FHOG

I heard that if you buy an IP ( i.e. investment property for rental ) as your first home, it does not waive your right to the first home owners grant the next time you buy a property to live in yourself. Is this really true ?

 

[TasInvestor]

That is correct, simple answer is as long a you did not live in the house you can claim FHOG.

 

[hwd007]

OK, thanks Tassie.

 

[Peter Parker]

By and large this is true, but if you had an IP before July 2000 then you're not eligible (federal component).

http://www.firsthomebuyers.net.au/?page_id=5

 

[battler]

That is correct, simple answer is as long a you did not live in the house you can claim FHOG.

If it was an investment house, and you were a 1/3 owner, the other 2/3 being your parents, could the 1/3 owner rent it (ie live in it) from all 3 owners, and still claim the FHOG, if it is available when the 1/3 partner buys his independant first home?

 

[battler]

If it was an investment house, and you were a 1/3 owner, the other 2/3 being your parents, could the 1/3 owner rent it (ie live in it) from all 3 owners, and still claim the FHOG, if it is available when the 1/3 partner buys his independant first home?

Anyone got any opinions on this?