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The Huddle: Can Government change their promise on brightline test?
Manage episode 278965361 series 2098282
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The Finance Minister won't rule out extending the brightline test beyond five years.
If a second house is sold within that time, the owner is taxed on the capital gain.
National asked Grant Robertson to rule it out - but he says it's too soon, and the Party's getting ahead of itself.
Robertson says they've asked Treasury for advice and it'd be premature to say anything about it yet.
This is despite Robertson ruling out any changes to the test on Heather du Plessis-Allan Drive on September 9th.
Listen above as David Farrar and Neale Jones discuss the day's news with Heather du Plessis-Allan on The Huddle
If a second house is sold within that time, the owner is taxed on the capital gain.
National asked Grant Robertson to rule it out - but he says it's too soon, and the Party's getting ahead of itself.
Robertson says they've asked Treasury for advice and it'd be premature to say anything about it yet.
This is despite Robertson ruling out any changes to the test on Heather du Plessis-Allan Drive on September 9th.
Listen above as David Farrar and Neale Jones discuss the day's news with Heather du Plessis-Allan on The Huddle
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