Buying Your First Home in Adelaide

Monday, October 16, 2017 / Real Estate

South Australian First Home Owners GrantGetting caught up in the excitement of purchasing your first home, you may not be aware of your state taxation obligations and entitlements. It is important to know what these are to ensure that you budget for any state taxation liabilities and don’t get caught out with any unexpected taxes or levies. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation. Under the scheme, a…

Read More