More good Questions for Mr. Cunliffe
Exempting the family home from Capital Gains taxes is harder than it sounds. What if you charge one of the children
board? What if it is one of the children’s friends? A boarder? Many South Auckland families share a house. When does it
stop being a family house? If you take a job overseas or elsewhere and rent the home for a while, is it still a family
home? What about the Granny flat? What if it is not granny?
Labour’s proposal is not fair. The million dollar Dotcom mansions will be capital tax free and the Otara ex-state house
will be taxed because the owner needed extra income to pay the mortgage.
ends