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The Government will introduce legislation to Parliament to give community housing providers and donors certainty that assisting low-income families into home ownership will be exempt from income tax.

“The Government is committed to supporting as many kiwi families as possible to achieve the goal of owning their own home. This tax change is about supporting organisations like Habitat for Humanity who help low-income families buy a house through rent-to-buy or similar home ownership products,” Housing Minister Dr Nick Smith says.

  • Todd McClay
  • Nick Smith
  • Revenue
  • Housing

The number of first home buyers using KiwiSaver to get onto the first rung of the property ladder has increased seven fold over the past two years, Housing Minister Dr Nick Smith and Revenue Minister Todd McClay announced today on KiwiSaver’s sixth birthday.

  • Todd McClay
  • Nick Smith
  • Revenue
  • Housing