PHOTO: NIDD REALTY For many a “bach tax” based on “deemed income” could mean that owning their beloved holiday home is no longer viable.
OPINION: The beloved Kiwi bach could be on the endangered list if the Tax Working Group’s recent inclusion of a “bach tax” in its discussion papers is implemented.
Increased costs for owners aside, there are wide-ranging implications of taxing baches that cut right to the heart of our culture and heritage, as well as our tourism offering.
Baches are an integral part of New Zealand culture and have long been the domain of the Kiwi holidaymaker. International visitors are, however, increasingly seeking them out as they go in search of a real New Zealand holiday in “off-the-beaten-track” locations.
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