Hi Astrid

I am pretty sure that you are right in your assumptions but in my experience it generally takes quite a while for a subdivision to go through (9 - 12 months is probably the norm in the areas that I have worked in) so it is probably actually the case that it would not sell in the same financial year as it was purchased. This can have pros and cons.

I think in your situation you just have say OK we need the FTB to survive and we are just going to have to factor in repaying it at the end and if it the sale falls into the next year then you will have the FTB for this year IYKWIM.

If you rang the council they could probably give you some idea as to how long a basic subdivision will take to go through. And then do some maths on that.

HTH & Good luck