3 Comments Self-managed super funds, superannuation, wealth management
Yes you are still eligible for the grant as per their requirement.
But you need to do the following before applying.
Purchasing from a deceased estate (related)#
Where you are related to the deceased person or are a beneficiary under the Will of the deceased person provide the following:
A certified copy of the Will and Grant of Probate
A certified copy of settlement statement for the estate
Evidence of payment of consideration to the estate, and
A photocopy of the stamped transfer of land form with the Land Registry Victoria registration number.
Hope this help.
If your name was added to the title at any stage, that means you have financial interest. This is a problem especially it took place before the year 2000 when the First Home Owners Grant was introduced by the Commonwealth Government. Why don't you ask the relevant Office of State Revenue in writing, providing copies of relevant documents?
Now that the First Home Owners Grant was doubled to $14,000 for existing properties and increased to $24,000 for new constructions in NSW (with the NSW Governments $3000 bonus), you can expect the OSR to be quite busy so allow extra time for a decision.
Under the new Boost Government scheme, first home buyers purchasing established homes will have their grant doubled from $7000 to $14000 and new constructions tripled from $7000 to $21000 until July 2009.
The $7000 increase makes a great difference in the typical first home price bracket of up to $500,000 in Sydney. It is a significant increase to the deposit of first home buyers. The increase in the grant may even allow Sydney first home buyers to buy a $400,000 property with an approved 97% home loan and no saved deposit.
PS. This First Home Owners Grant advice does not take into account your personal circumstances and you should seek specific advice from the relevant authority in your own state.
consultant 2009-02-22 04:13:59
if your name was on the title prior to July 1 2001, you won't be eligible for the grant, or if you have occupied the house as your primary residence you wont qualify either.
Here is a little more info on the grant http://www.firsthomebuyer.net.au/grants-and-concessions/Hope you find it helpful