Queensland Consolidated Acts Queensland Consolidated Acts(1) For this division—
(a) a residence that is constructed is a person's first home if it is the person's first home under section 86; and
(b) a residence that is to be constructed is a person's first home if, when constructed, it will be the person's first home under section 86.
(2) For subsection (1), section 86(1)(b)(ii) does not apply.
(3) For subsection (1)(b), section 86 applies as if the reference in section 86(1)(a) to a period of 1 year after the person's transfer date for the residential land were a reference to a period of 2 years after the date the home mortgage for the residence was first signed.