Call for all taxes to be axed for retirees to free up homes and money

tax timeDALLAS: Pensioners are blocking the property ladder because ministers, banks and developers are not helping them downsize, experts claim.

Campaigners have made repeated calls for all duties to be axed for retirees who want to buy a smaller home, and for more retirement properties to be built.

But older people are stuck in oversized houses because Government policy has focused on helping first-time buyers at the expense of those who want to ‘step down’ the ladder, a powerful industry body said…

Full story covered in the Seniors Housing & Healthcare Trends.