PHOTO: ABIGAIL DOUGHERTY/STUFF – Twyford said he expected few KiwiBuild owners to sell, but some might strike unforeseen circumstances.

Buyers of KiwiBuild homes who go on to sell them within three years will have to pay 30 per cent of their capital gain to the government.

When Labour first announced its KiwiBuild proposal, it said buyers who sold within five years would have to give any money they made out of the deal to the government.

That has now been amended.

Housing and Urban Development Minister Phil Twyford said buyers who bought KiwiBuild homes would sign a contract prohibiting them from selling at all for three years.



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