Renovated houses and the first home owner grant
You may be eligible for the Queensland First Home Owners' Grant if you are buying a substantially renovated home (including the land on which it is situated) where:
- the sale of the home is a taxable supply as a new residential premises that was an established home that had a substantial renovation
- the renovated home has not been previously occupied or sold as a place of residence.
This means that:
- the home must be substantially renovated before you buy it and has not been lived in since the renovation
- the seller must give you a statement that shows the GST component of the renovation (as evidence that the sale is a taxable supply).
A substantial renovation is when all, or most, of the structural or non-structural components of a building are removed or replaced.
Most of the rooms in the building must have been affected, and the renovations must have affected the building as a whole for it to be considered a substantial renovation.
Structural building work such as:
Non-structural building work such as:
Cosmetic work such as:
A home has not been substantially renovated if:
- only cosmetic work has been done to the home (e.g. painting)
- only one part of the building has been renovated (e.g. renovation of one bedroom in a 4-bedroom house; removal and replacement of a kitchen and bathroom with little else being done to the building, apart from minor repair work).