PHOTO: IAIN MCGREGOR/STUFF – Under proposals put forward by the tax working group, owners of baches or second homes could be required to include a deemed amount in their income tax returns each year, even if the property generates no actual income.

The Government has a habit of coming up with creative new taxes and giving them names to hide what they really are.

Buried in the Tax Working Group (TWG) report to the Government is a concerning and ill-considered idea: deemed income.

It can only be described as a wealth tax on families who own a bach or a second home.


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