The first time buyer tax credit is an attempt by the Federal Government to stimulate purchases of houses by offering incentives for people to do so. This tax-credit is great news for many buyers who can do with any financial help they can get. The scheme was due to end in July 2010 but it has now had an extension so that more people can benefit from this financial incentive. As well as the first time home buyer there is also rebate for some existing home owners.
Who Can Benefit from the First Time Home Buyer Tax Credit?