Capital Gains Tax could dent house prices and push up rents

Monday, February 25th, 2019

Rents could rise and house prices fall if the government goes ahead with a capital gains tax, says the Tax Working Group.

The group, which Thursday released its recommendation for a CGT to be applied on assets such as land, shares, investment properties, business assets and intellectual property.

Any gains on the sale of these assets would be added to the seller’s overall yearly income and be taxed normally at realisation – meaning a CGT would only take effect when it becomes law. Continue reading

Capital Gains Tax will hit older Kiwis with savings the hardest

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News category: New Zealand, News Shorts.

Tags: Capital Gains Tax, Housing Crisis

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