Opinion
Local authorities are sharing 50 percent of the cost of buying out properties damaged by our recent natural disasters.
How much will that impact on Tairāwhiti in terms of rates rises and asset sales? What will the cost be to us in dollar terms?
Without a capital gains tax to contribute to the cost, how many property owners will be financially driven “to the wall”, not to mention the effect on their mental health?
DENNIS PENNEFATHER
