winston just said short time ago they going after land bankers , does that mean even retirement operators or supermarkets will get caught from there land banking?
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According to those who thought a CGT would depress the real estate market, we will see a swift re-rating upwards of the SUM & other retirement stocks SP's. That be nice :)
Possibly, they'll probably just empower local councils to apply some sort of levy against undeveloped land, but even then they'd have to allow some sort of grace period of a couple of years before applying it because it takes that long to get through resource consent. Possibly as long as you have a current resource consent you don't get pinged. It'll be something like that anyway.
Looks like big lift in retirement stocks, immediate effect of that 2pm announcement on no CGT
A bit of de-risking so it appears. up 3.9% on the day. (along with 2.9% for OCA)
And 3.8% for MET. They were fractionally down at 2pm.
Hope Bull closed out his short position in the nick of time...we can't have our dear friend, (is he a likeable rogue or just a rogue...I really can't decide lol) being taken to the cleaners as natural justice for his tsunami of negativism can we...or can we :D