Quote Originally Posted by Aaron View Post
Interesting view on capital gains tax from treasury.

https://www.stuff.co.nz/business/350...books-treasury

Current govt not likely to implement one, gutless Hipkins has already exposed himself by pandering to the selfish morons that make up a significant portion of the voting public.
Mind you, if a cgt scheme were introduced, the family home would probably be exempt from both the new CGT and income tax (as currently). This would make home ownership even more appealing for overcapitalising and accumulating wealth. Any government would have to beef up the KiwiSaver with decent tax concessions to offset the increased attraction of further overcapitalising the exempt home. How likely would that be?