Be warned!

One of the conditions of the First Home Owners Grant in Queensland is that you must live in a property for at least six months after you buy it. Most people are aware of this but sometimes what is overlooked in that they must live in the property for twelve months to be eligible for the stamp duty exemption made available by the State Government.

If you don’t meet this condition, then the State Revenue Office will find about it and will come looking for part or all of the stamp duty that is now payable as the conditions of the exemption have not been met!

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