Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Community Housing Aotearoa welcomes tax solution

Community Housing Aotearoa welcomes tax solution


The community housing sector is pleased that the Government is seeking a permanent solution to a tax issue that penalises member organisations when they help families buy homes.

The Government has introduced a bill to reverse a decision by the Charities Commission in 2009 which ruled that helping people to buy their own home through shared ownership is outside the domain of a charity and subject to tax.

Community Housing Aotearoa Director Scott Figenshow says while only one organisation to date had its charitable status revoked, the uncertainty for the sector means many community housing organisations have been potentially facing million dollar tax bills.

He says the ruling was very unhelpful and has been a major handbrake on the sector.

“A community housing organization should not face the loss of its tax exempt status simply because a family improves its situation,” he says.

“We are very pleased to see a permanent solution being promoted by Ministers to resolve this uncertainty that has been hanging over the sector for so long.”

He says the issue began when a significant local housing plan in Queenstown was slapped with a retrospective tax. It left some members of the community housing sector with potential tax liability of millions of dollars if the situation were repeated across the sector.

“It is good news that the Government has owned up to the problem and is picking up the tax bill for the Queenstown project as part of the solution,” says Scott Figenshow.

He says Community Housing Aotearoa and its members recognize the need to provide a mix of tenure options and housing types across the housing continuum.

“For families to do better, they need the ability to have rental and assisted ownership options which promote strong, stable communities.”


Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news