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Thursday, 5 December 1974

On 12 November 1974 the Government announced that it intended to appropriate $150m to the savings banks for lending for housing. This finance is to be available to women, as well as to men, for the acquisition or erection of homes and for extensions to existing homes.

Estate Duty on Matrimonial Homes

In estates where the matrimonial home or an interest therein passes to the widow or widower of the deceased, the value of the deceased's interest up to a limit of $35,000 is now excluded from the dutiable value of the estate. This is a recognition that the person who looks after the home and the family contributes as much to the economic value of the family home as the person who goes to work outside it.

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