u/Imnejjek

So from what I can understand, the PN is proposing to:

1. Remove tax on inherited properies
2. Remove tax on donated properies

At first glance, I thought "great". Then I thought a bit deeper about it and some concerns came to mind. But I'm not a tax or property expert, so am hoping some of you are.

1. Won't this increase wealth disparity? A family that owns 10 apartment blocks stands to gain much more than a family with a spare garage.

2. If there is no tax on inherited or donated properties, there is less of an incentive to sell and more of an incentive to hoard property. Won't this just add to the property price squeeze by constraining supply?