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Finance TaxationWAEASY

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

Correct Answer

B) A one-off state grant to eligible first home buyers buying 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 made to every owner-occupier in Western Australia
B
A one-off state grant to eligible first home buyers buying or building a new home
C
A tax deduction available to investors for the first property they rent out
D
A federal subsidy paying part of a first home buyer's mortgage interest each year

Why This Is the Correct Answer

The WA First Home Owner Grant is a one-off payment by the state to eligible first home owners who buy or build a new home.

Why the Other Options Are Wrong

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Related Topics & Key Terms

Key Terms:

First Home Owner Grantone-off grantnew home
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