First Home Owner Grant (FHOG)

how does the first home buyers grant work

The 2015-16 State Budget included a measure to abolish the FHOG of up to $3,000 for the purchase of established homes.

This change is intended to apply from the day after the amending legislation receives Royal Assent, and will apply to contracts entered into on or after that date. It is anticipated that this change will occur later in the year. At this stage, the date is unknown.

Until the FHOG for established homes is abolished, first home owners will still be able to apply for, and receive the FHOG and related concessional rate of transfer duty. After the amending legislation receives Royal Assent, the purchasers of established homes will still be able to apply for the concessional rate of transfer duty. The date of the contract to purchase an established home will be the determining factor as to eligibility for the FHOG.

The FHOG of up to $10,000 for ‘new’ homes will remain unchanged.

Further updates on the progress of the Bill to amend the legislation will be posted on this page when available.

Please note: There may be a

duty liability on the eligible first home owner transaction.

FHOG UIN and Status Enquiry Facility

The FHOG UIN and Status Enquiry Facility is a web-based tool that provides up-to-date information on the status of FHOG applications and their UIN. If you are an applicant, settlement agent or financial institution seeking a UIN on behalf of your client, can you please use the FHOG UIN and Status Enquiry Facility. Utilising this service will assist us in maintaining a high service standard to all of our customers.

System Requirements

To use this facility you must have one of the following internet browsers installed on your computer:

  • Internet Explorer version 7 (IE7) or higher. IE7 is available to download and install from the Microsoft website
  • Firefox version 3.0 or higher
  • Safari 3 or higher for Mac users

Other Assistance for First Home Buyers

The Home Buyers Assistance Account. which provides assistance of up to $2,000, is established under the Real Estate and Business Agents Act.

This grant is administered by the Department of Commerce.

Source: www.finance.wa.gov.au

Category: Taxes

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