Getting FHB Stamp Duty waiver when already owning an investment property

Discussion in 'Accounting & Tax' started by blake1994, 23rd Oct, 2021.

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  1. blake1994

    blake1994 Well-Known Member

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    30th Jan, 2021
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    Sydney
    Hi all

    As per title.

    I will shortly settle on an interstate purchase of an investment townhouse.

    I am located in NSW.

    Would I still be able to get stamp duty waiver down the track as I wouldn't have ever owned a principal place of residence.

    Thanks in advance
     
    blake1994, 23rd Oct, 2021
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    You would need to check that state law on what is defined as a "first home". Some exclude investment only property but if you have ever resided in it, then it may fail and some states have a test that applies for a defined period of time. OSR website in that state is a first read. Call them ?
     
    Paul@PAS, 25th Oct, 2021
    #2
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 25th Oct, 2021
    #3