Quote Originally Posted by Jay View Post
GCT may apply to the family home - as it stands at present

if you use a room(s) as an "office" and claim the expenses for it, you have a choice, don't claim the expenses and no GCT or claim them and you pay GCT - albeit based on the % of your home used say 1 room = 20% so you would pay GCT on 20% of the gain I presume - something like that
More detail here https://www.nzherald.co.nz/business/...ectid=12207150 ... if they have it right!
Also if you take in flatmates. Which is an ideal way for getting people onto the property ladder - they can get others in to help with costs.

Labour clearly dont want people to own their own homes