Capital Gains Tax
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- Support the introduction of a comprehensive capital gains tax on inflation adjusted capital gains at the time of realisation. Any capital gains tax must apply to assets in Aotearoa New Zealand that are purchased and sold by corporations or people living overseas as well as assets sold or purchased by residents.
- Support an exemption for the family home from any capital gains tax.
- Support treating taxable real capital gains as income for tax rate purposes, and investigate mechanisms to allow the income from capital gains to be spread over several years for Aotearoa New Zealand residents.
- Read more here and here.
Not yet available on their website.
Not yet available on their website.
Not yet available on their website.
- Remove the tax loophole that gives property favourable treatment over other investments. This will be done by the introduction of a property tax.
- Main purpose is to spread the tax base wider and to encourage people to diversify their investment into productive assets that will grow the NZ economy, rather than favouring property investment.
- Read more here.
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2 Comments
Lies damn lies and statistics who decides what inflation rates are? Until the statisticians can provide a real inflation rate I oppose. Yes cgt already applies to lots of things and the bright line test is here for serial house flippers, but the wise guys will find all the loopholes faster than you can plug them.
Lies damn lies and statistics who decides what inflation rates are? Until the statisticians can provide a real inflation rate I oppose. Yes cgt already applies to lots of things and the bright line test is here for serial house flippers, but the wise guys will find all the loopholes faster than you can plug them.
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