Ask a question about policy #1

Ask a question about policy #1

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Taxing the elderly when they sell their homes

Why would you take away the right of the elderly to leave their home to their family? Shouldn't it be their right to choose whether they do or not and not be told to invest in businesses etc? Also, if they do sell when they're older, for whatever reason, how much are you going to tax them? I think this will just encourage them to sell earlier and put their funds into potentially unsafe investments as a number of elderly are not schooled very well on investment

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How will your tax policy affect a typical NZ sheep and beef farm?

We have a 650ha family owned and run sheep and beef farm, GV of around $3m, equity of $2.5m. Last few years average profit around $100k maybe less which isn't much when it needs to be divided up between several family members. So the farm is probably a fairly unproductive asset by your standards, would this mean it gets hammered with extra tax? Cheers

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Own a house

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How does this policy discourage land-banking?

There are empty sections on my street that have been empty for years. By targeting houses and not the land they're on, there doesn't seem to be any incentive for people to build or sell to someone who will build.

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Low/no income

Hi there, You've covered off over 65s with an IRD loan, but you haven't answered the question regarding low/no income households. I have family and friends under 65 in varying situations. Losing an income, permanent disability, redundancy, long term employment to name a few. They would have no ability to pay, and no bank would lend them money for this purpose. They're already struggling to pay rates, how will you deal with this group of non-retirees?

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Can you explain TOP's tax policy with a graph?

All economic policy should be readily explainable with a graph, otherwise it is simply too complex.

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How will this tax affect heritage properties?

Heritage properties may not be the most economically efficient use of available land/assets, but nevertheless contribute an intangible good to society. Won't it make it harder to justify conservation?

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