Capital Gains Tax - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Sun, 24 Feb 2019 06:44:49 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Capital Gains Tax - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Capital Gains Tax could dent house prices and push up rents https://cathnews.co.nz/2019/02/25/capital-gains-tax-could-dent-house-prices-and-push-up-rents/ Mon, 25 Feb 2019 06:54:27 +0000 https://cathnews.co.nz/?p=115205 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 Read more

Capital Gains Tax could dent house prices and push up rents... Read more]]> 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

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