First Home Owner Grant / Stamp Duty
Aug 21st 2013, 9:18 am
#1
Forum Regular
Thread Starter
Joined: Aug 2011
Location: brisbane
Posts: 68
First Home Owner Grant / Stamp Duty
Hi,
Any help would be much appreciated.
I am currently in the process of selling my house in the UK and also going through the process of buying my first home in Australia (currently renting).
Do I qualify for the FHOG and do I need to pay stamp duty if the amount is under $500K?
Thanks
Any help would be much appreciated.
I am currently in the process of selling my house in the UK and also going through the process of buying my first home in Australia (currently renting).
Do I qualify for the FHOG and do I need to pay stamp duty if the amount is under $500K?
Thanks
Aug 21st 2013, 9:38 am
#2
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: First Home Owner Grant / Stamp Duty
Hi,
Any help would be much appreciated.
I am currently in the process of selling my house in the UK and also going through the process of buying my first home in Australia (currently renting).
Do I qualify for the FHOG and do I need to pay stamp duty if the amount is under $500K?
Thanks
Any help would be much appreciated.
I am currently in the process of selling my house in the UK and also going through the process of buying my first home in Australia (currently renting).
Do I qualify for the FHOG and do I need to pay stamp duty if the amount is under $500K?
Thanks
Are you building a new house?
It seems to have been phased out last year for existing homes.
You'll find the stamp duty details on the OSR site too.
https://www.osr.qld.gov.au/calculato...lculator.shtml
Aug 21st 2013, 9:42 am
#3
Lost in BE Cyberspace
Joined: Jan 2009
Location: Brisbane
Posts: 20,821
Re: First Home Owner Grant / Stamp Duty
Hi,
Any help would be much appreciated.
I am currently in the process of selling my house in the UK and also going through the process of buying my first home in Australia (currently renting).
Do I qualify for the FHOG and do I need to pay stamp duty if the amount is under $500K?
Thanks
Any help would be much appreciated.
I am currently in the process of selling my house in the UK and also going through the process of buying my first home in Australia (currently renting).
Do I qualify for the FHOG and do I need to pay stamp duty if the amount is under $500K?
Thanks
http://www.varcalc.com.au/calculator.../stampduty.asp
Aug 21st 2013, 9:46 am
#4
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Thread Starter
Joined: Aug 2011
Location: brisbane
Posts: 68
Re: First Home Owner Grant / Stamp Duty
Thanks, both much appreciated.
Aug 21st 2013, 9:51 am
#5
Waiting to be a grown-up
Joined: May 2010
Location: Adelaide
Posts: 4,695
Re: First Home Owner Grant / Stamp Duty
You won't qualify for FHOG as you have owned a house elsewhere in the world. Stamp duty is 10% (which I have just paid) - the cheapest in Australia.
http://www.varcalc.com.au/calculator.../stampduty.asp
http://www.varcalc.com.au/calculator.../stampduty.asp
It was withdrawn in Queensland in October 2012 I'm afraid. Just checked the eligibility as it would have been prior to October 2012, and it does not say anything about property ownership outside of Australia
Aug 21st 2013, 9:53 am
#6
Lost in BE Cyberspace
Joined: Jan 2009
Location: Brisbane
Posts: 20,821
Re: First Home Owner Grant / Stamp Duty
This is irrelevant in states where the FHOG still exists, such as SA It was withdrawn in Queensland in October 2012 I'm afraid.
Just checked the eligibility as it would have been prior to October 2012, and it does not say anything about property ownership outside of Australia
It was withdrawn in Queensland in October 2012 I'm afraid. Just checked the eligibility as it would have been prior to October 2012, and it does not say anything about property ownership outside of Australia
EDIT: Sorry was talking about 1st home ownership Stamp Duty Concession in QLD.
Last edited by Alfresco; Aug 21st 2013 at 10:09 am.
Aug 21st 2013, 10:55 am
#7
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Thread Starter
Joined: Aug 2011
Location: brisbane
Posts: 68
Re: First Home Owner Grant / Stamp Duty
Alfresco, you say stamp duty is 10%? That's massively higher than what our solicitors have suggested.
