New housing rebate – useful details you should know


Have you recently purchased a property? Is this the first house you ever owned? If so, then you should hurry and apply for a tax rebate. The government offers you the possibility of obtaining a fairly significant amount of money if you suit all their requirement and file your application on time. With a first time home buyers rebate, you can end up receiving up to 30,000 dollars, depending on your purchase situation. Here are some useful details that might help you understand the process better:

Rebate deadline

The first, and one of the most important details about house rebates, is that you can only apply during a 2 year period, after purchasing the property. If more than 2 years have passed since you became a home owner, then you are no longer viable for the rebate. Many buyers are not aware of this detail, do not file their application on time and end up losing their tax return. This is why you should take care of all the aspects revolving around the tax return as soon as you make the property purchase.

Required paperwork

When applying for a rebate, you will need to gather various documents and make sure you have all paperwork in order. The purchase or lease agreement, the adjusting or closing statement should be found among the documents required. Make sure you have all the copies at your disposal, to prevent the possibility of your application not being taken into consideration. If you are not aware of what paperwork you will need exactly, then it is recommended to work with a company that handles rebate applications, which can advise you and help you learn more on the topic.

Should you hire a consultation firm?

The entire process of gathering documents, filing in the application and following the legal requirements can seem time-consuming and stressful. If you do not have the time nor  the patience to deal with the rebate yourself, then you should hire a consultation company that will not only offer you professional advice, but they can also take care of the entire process for you. Hiring an expert can prove to be necessary, because even the smallest mistake can prevent you from obtaining the amount of money you are entitled to. Search online for services of this kind, and choose the best expert for the job. And do not worry, because the majority of companies only charge you after receiving the tax rebate.

If you have purchased your first property, then why not take fully advantage of the tax benefits the government can provide you. With sufficient research, and a little help from a team of professional, you will gather all the documents necessary, file your application and receive your tax return without any inconveniences. Because the process can be a bit overwhelming if you do not have a thorough understanding of the subject, choose to work with a reliable company that can provide you with proper advice and guidance.