As a response to the covid-19 pandemic, the ACT Revenue Office announced the introduction of a $25,000 HomeBuilder Grant scheme on 4 June 2020 to stimulate the economy. With the Grant having a number of eligibility criteria for both builders/developers and prospective buyers, we’d like to help make it as clear as possible!
— Construction must be complete before 31 October 2022.
— The $25,000 is paid to an off-the-plan purchaser after settlement, when a certificate of title has been issued.
The ACT Revenue has reviewed Oaks Arbour 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
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.
We recommend you seek independent advice to confirm you meet the criteria. Visit the ACT Revenue Office 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.
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