File content Produced on 24 Jan 2023 10:49 am Are all purchasers and their domestic partners first home buyers? Yes Are all applicants at least 18 years of age? Yes Will at least one applicant occupy the property as their principal place of residence continuously for 1 year, to commence within 1 year after settlement? Yes What is the date or proposed date range of your agreement, transfer or grant? from 1 July 2022 How many dependent children do all applicants and their domestic partners have? 0 Is the total combined gross annual income for all applicants and their domestic partners below $170,000? Yes Are you purchasing: a new residential home Is the purchase price less than or equal to $1,000,000? Yes Based on the information you have submitted, you may be eligible for the Home Buyer Concession Scheme. The concession code number is 001. If you wish to apply for this concession, you will need to reference this number on the Buyer Verification Declaration before you register the title transfer with Access Canberra. The following supporting documentation must be kept for this transaction for at least five (5) years, from the date of settlement or completion: Contract for Sale Transfer form or new crown lease Evidence of total gross income for all applicants (income tax returns, payslips) Birth certificate for the youngest child (this will determine the income threshold for applicants) Related party transactions - Evidence of value A full property valuation report by a certified valuer, for the ACT Revenue Office and for duty purposes may be requested if the vendors and purchasers are related parties. Privacy statement Giving false or misleading information, including giving information that is false or misleading because something has been omitted, is a serious offence. Pursuant to the Taxation Administration Act 1999 , you must keep all true, and correct records necessary to enable your tax liability under a tax law to be properly assessed for a period of 5 years from either the date the record was made or obtained; or the date of completion of the transaction or act to which it relates - whichever is the later. These records must be recorded in English and kept in a way which is readily available to be produced if required by the Commissioner for ACT Revenue.
