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Kiara
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SOME THINGS YOU MIGHT NOT HAVE REALISED:

— The $15,000 is paid to an off-the-plan purchaser after settlement, when a certificate of title has been issued.

— Eligible buyers must occupy the property for at least 6 continuous months immediately upon completion of construction or settlement.

— ‘Commence construction’ means substantial earthworks, excavations, demolition and physical building work. The ACT Revenue Office has reviewed Kiara and confirmed that it officially fulfills the ‘commence construction’ criteria.

— Approval is subject to the eligibility of the purchaser and is income-tested – an income cap of $125,000 per individual or $200,000 for a couple applies. This is applicable for the taxable income on your Notice of Assessment for the periods of 2018-19 or 2019-20

DOWNLOAD THE FACT SHEET >

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Still have questions? That’s ok! Contact our agents by visiting the display suite on the weekend, completing the Register form on this website or call Independent on 02 6209 5042 so we can help.

 

This information was updated in December 2020 as new guidelines were released, however we recommend you seek independent advice to confirm you meet the criteria. Visit the ACT Revenue Office website or the Treasury website for details.

 

Disclaimer: We have gathered information from: treasury.gov.au/sites/default/files/2020-06/Fact_sheet_HomeBuilder_0.pdf
While all due care has been taken in assembling this information, the information is subject to change. This document is for the guidance of the purchasers only. Interested parties should make their own enquiries and satisfy themselves in all respects.