RevenueSA South Australia Department of Treasury & Finance : Housing Construction Grant
Name of the Organization : South Australia Department of Treasury & Finance
Type of Facility : Housing Construction Grant
Country : Australia
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Website : https://www.revenuesa.sa.gov.au/home
Housing Construction Grant :
Although the Housing Construction Grant (HCG) ends on 31 December 2013, the HCG application does not need to be submitted to RevenueSA by 31 December 2013. All applications must be received within 12 months of completion of the eligible transaction.
Related : South Australia Department of Treasury & Finance RevenueSA Home Owner Grant : www.statusin.org/7020.html
The Housing Construction Grant (HCG) is a grant of up to $8500, available to all home owners who are purchasing or building a new home, up to a market value of $450 000. For first home owners, the HCG is in addition to the First Home Owner Grant (FHOG).
The HCG applies to:
** a contract to purchase a new home entered into between 15 October 2012 and 31 December 2013 (inclusive);
** a comprehensive home building contract for a new home entered into between 15 October 2012 and 31 December 2013 (inclusive) where the contract states that the building will be completed within 18 months of commencement or the building work is actually completed within 18 months of commencement;
** a contract for the purchase of a new home off-the-plan entered into between 15 October 2012 and 31 December 2013 (inclusive) where the contract states that the building work will be completed on or before 30 June 2015 or the building work is actually completed on or before 30 June 2015; and
** an owner builder where construction of the new home commences on or after 15 October 2012 and before 1 January 2014.
Ex gratia relief may be available for a new home in retirement villages or residential parks (see section on retirement villages and residential parks for more details).
The HCG is available to natural persons, companies and trusts. The new home may be intended for occupation as a place of residence or investment. Unlike the FHOG, the new home does not need to be resided in, nor does the applicant need to be an Australian citizen or permanent resident.
There are no restrictions on the number of times a purchaser can apply for the HCG, regardless of whether a person purchases or builds a new home alone or together with others. Previous recipients of a FHOG are also entitled to the HCG. However, where the HCG has been paid for the purchase or construction of a property, no further HCG can be paid in respect of that property, unless that previously paid HCG has been repaid.
Eligible New Homes in Retirement Villages:
Ex gratia relief may be available for a new home built in a retirement village where the buy-in price for the new home is less than $450 000.
The relief will be paid, in all cases, to the owner of the retirement village land, where the eligible new home has been constructed as part of the retirement village.
Eligible New Homes in Residential Parks:
Ex gratia relief may be available to applicants who construct a new home, or purchase a new transportable home, which is permanently affixed to land in a caravan or relocatable home park.
The relief does not extend to caravan parks placed on the land.The relief will be paid to the resident or prospective resident who has entered into a contract to purchase the relevant home (between 15 October 2012 and 31 December 2013). If the Commissioner of State Taxation (the “Commissioner) is satisfied that the new home has not been on-sold to a resident or prospective resident, the relief will be paid to the owner of the residential park.
Who is eligible for the HCG?:
Only one HCG is payable in relation to a particular new home. That is, where the HCG has been approved and paid in relation to a property, no further HCG can be paid in relation to that property, unless that previously paid HCG has been repaid.
Where both the vendor of a new home and the purchaser of the new home are eligible to apply for the HCG in respect of that property, they will need to determine between themselves who will apply for the HCG in respect to the property.
Should RevenueSA receive applications from both the builder and the purchaser of a property, RevenueSA will pay the HCG to the purchaser of the new home.
How do I apply?:
An application must be received within 12 months of the completion of the eligible transaction. A separate application is required for each eligible transaction.
Submit your Housing Construction Grant Application to an Approved Agent or RevenueSA together with required documentation.
You can complete and lodge the application form with the financial institution providing your finance as part of buying or building your home, if the financial institution is Approved Agent.
For ex gratia relief for a new home located in a retirement village or residential park, submit your Housing Construction Grant Ex Gratia Application – Retirement Village or Housing Construction Grant Ex Gratia Application – Residential Park to RevenueSA (only) together with required supporting documentation.
RevenueSA may require documentary evidence to substantiate your claim for the HCG.
Further Information:
If you are unsure about any aspect concerning your eligibility, it is important that you contact RevenueSA on 08 8226 3750 or email fhog.support@sa.gov.au for clarification before proceeding with your application.