8. What happens to the elderly and those that own houses but don’t have an income?

8. What happens to the elderly and those that own houses but don’t have an income?

Answer

That’s all about transition and as per my speech, the subject of negotiation with the government. Our preference is to allow home owners over 65 to pay the tax via a mortgage to the IRD, payable on change of ownership of their house, hence avoiding any cashflow issues.