Monday, May 18, 2015

Is the sellers main home the same as the family home?

Andrew Little should ask John Key this question in parliament:
"Will the exemption under National's Capital Gains Tax apply if the sellers main home is a family home owned by a trust"?
The exemption in the policy is for "the sellers main home".
That does not say "the sellers family home".

And the three exemptions mentioned in the policy do not include a trust.

2 comments:

Adolf Fiinkensein said...

Dinna fash yerself.

Little is incapable of asking anything intelligent.

Nick K said...

Agreed!