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What happens if no release request is made after FHSS Determination

Newbie

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Replies 1

Hi,

 

I am just reading through FHSS scheme.

I understand Determination should be done before release request.

Assuming that I made determination and then because I couldnt find any property which suits my budget, I won't make any super release request. So what will happen. The money wont be released and no FHSS tax will be applicable right?

 

 

 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Initiate

Replies 0

That is correct, if you don't apply for the release of the money then there will be no tax implications for you.

1 REPLY 1

Most helpful response

Initiate

Replies 0

That is correct, if you don't apply for the release of the money then there will be no tax implications for you.