Brad Olsen: Economist pleased with Government's $4 billion housing plan
Matt Heath & Tyler Adams Afternoons · Newstalk ZB
March 23, 20218m 51s
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Show Notes
The Government will pour close to $4 billion into a scheme to accelerate the pace of new house builds, which is expected to help see "tens of thousands" of new properties built.
It is also doubling the capital gains tax-esque bright-line test from five, to ten years - meaning any gains on a residential property that is not a family home will be taxed if the property is sold within ten years of purchase.
Infometrics Senior Economist Brad Olsen joined Simon Barnett and Phil Gifford to discuss the changes.
It is also doubling the capital gains tax-esque bright-line test from five, to ten years - meaning any gains on a residential property that is not a family home will be taxed if the property is sold within ten years of purchase.
Infometrics Senior Economist Brad Olsen joined Simon Barnett and Phil Gifford to discuss the changes.
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