Interest in a residence

Typically, you have held an interest (or share) if you have ever owned a house, apartment, unit or other residence anywhere in the world.

It doesn’t matter if you owned the residence solely or jointly (with others in equal or unequal shares), or there was a mortgage over it.

You are not considered to have held an interest if you:

• held the property as trustee for somebody else
• leased a property and paid a bond and rent only
• lent money and had it secured by way of mortgage, charge, etc.

Other proprietary interests might also exclude you from claiming the first home concession or first home vacant land concession.

You may wish to seek independent legal advice.