The First Home Owner Grant (FHOG) provides financial assistance to eligible people buying their first new or substantially renovated home. If you are building a home, to be entitled to the FHOG payment the commencement date for your transaction must be on or before 30 June 2019.
To be eligible for the FHOG:
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You must be:
- buying or building a new home, substantially renovated home or off-the-plan home, with a commencement date between 1 January 2017 and 30 June 2019, or building a home as an owner-builder, for which building started on or after 1 January 2017 and on or before 30 June 2019.
- the total value of the property (home plus land) must be $750,000 or less
- you must complete the First Home Owner Grant Application SmartForm, with all necessary supporting documents, within one year of completing your transaction
- with a relevant interest in the home must be an applicant
- every applicant must be at least 18 years old (the Commissioner for ACT Revenue can exempt you from this requirement if there are good reasons to do so)
- no applicant can be a company or trust (except a trustee for a person with a legal disability)
- at least one applicant must be an Australian citizen or permanent resident
- at least one applicant must: move into the home beginning within 12 months of settlement or completion of construction
Owner-builders can only lodge their application within a one-year period if the home has been completed.
When you apply for the FHOG, you need to make sure the information on your application is true and correct. It’s an offence for you to make a false or misleading statement when applying for the grant. If you’re unsure about any of your obligations or the information required in the application, contact us so we can help.
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