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Older people will be able to subdivide homes into flats under new plans

Proposals will allow older homeowners to subdivide their family homes into flats to increase housing supply, replacing incentives aimed at encouraging downsizing.

Real estate

fromBusiness Insider

3 months ago

This boomer couple would be hit with $700,000 tax bill if they sold their house

Older homeowners are hesitating to sell due to burdensome capital gains taxes on home sales.

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#older-homeowners#older-homeowners

Older people will be able to subdivide homes into flats under new plans

This boomer couple would be hit with $700,000 tax bill if they sold their house

#older-homeowners
#older-homeowners