Rethink needed on penalties for renting part of family home

The time has come to understand the plight of the poor and their housing problems.

There are thousands of homeowner pensioners living alone, often in large homes.

These homeowners have the answer to our housing shortage by subletting part of their homes, but they are stopped by our Government‘s income means testing rules, income tax and capital gains tax rules.

It’s time for a major rethink.

Income from renting part of your family home should be exempt from both the means test rules and income tax.

Furthermore, the family home full capital gains tax exemption should not be affected by the leasing of part of the family home.

I call on all the candidates in the upcoming federal election to endorse this simple idea as part of their election policy.

Action is needed now.

Email, Apr 28
Kenneth Howes, Picketts Valley

3 Comments on "Rethink needed on penalties for renting part of family home"

  1. Joshua Walters | May 3, 2022 at 2:06 pm | Reply

    Tax concessions and young families having to live in some sort of subletting sitcom with senior citizens are not the answer.

    Seniors alone or coupled without children living at home still living in family homes should downsize so that young families can take advantage of the premises.

  2. We need to help out those in need of accommodation, single Mums, those who are struggling to pay the exorbitant rents that exist today & more. It meets more that just one need in the community & should not be penalised by the government.

  3. This is a great idea!
    A lot of elderly people need social interaction and financial assistance. It may not be everyone’s cup of tea, but it alleviates many problems for cheap accommodation, and pensioner assistance. Even a type of barter system of ‘jobs for board’.

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