Listen

Chapters

  1. Overview
  2. Change in beneficial ownership of dutiable property
  3. Change in beneficial ownership of dutiable property - Regulation
  4. Change in beneficial ownership - Grant of an Option
  5. Acknowledgement of trust
  6. Off the plan transactions
  7. Breakup of marriages and de facto relationships
  8. Transfer of certain business property between family members
  9. Surcharge purchaser duty Australian-based developer
  10. Tax avoidance schemes
  11. Other changes to the Taxation Administration Act 1996
  12. Land Tax
  13. First Home Owner Grant
  14. Other legislative changes

13. First Home Owner Grant

Section 13A(3) - First Home Owner Grant (New Homes) Act 2000

In relation to the eligibility cap for the First Home Owner Grant, prior to the State Revenue and Fines Legislation Amendment (Miscellaneous) Act 2022, the total value of a transaction was determined as at the commencement date for the contract to build a new home or in the case of the building of a home by an owner builder, the date the transaction is completed.

For transactions entered into on or after 19 May 2022, when determining if the transaction exceeds the eligibility cap, the total value of the transaction is determined as follows:

  • Contract for the purchase of a home—the commencement date or
  • Comprehensive home building contract—the date the transaction is completed, or
  • The building of a home by an owner builder—the date the transaction is completed.

Where can I find more information?