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Finance TaxationWAEASY

What is the First Home Owner Grant (FHOG) in Western Australia?

Correct Answer

B) A one-off grant provided by the WA government to eligible first home buyers purchasing or building a new home

The First Home Owner Grant (FHOG) in WA is a one-off grant provided to eligible first home buyers who are purchasing or building a new residential property. The grant amount and eligibility criteria are set by the WA government and may vary over time.

Answer Options
A
A recurring annual payment to all homeowners
B
A one-off grant provided by the WA government to eligible first home buyers purchasing or building a new home
C
A tax deduction available to all property investors
D
A federal government subsidy for mortgage interest payments

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Related Topics & Key Terms

Key Terms:

First Home Owner Grantone-off grantnew home
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