Capital Gains On Rentals On The Way?
Quote:
quote:National believes Finance Minister Michael Cullen is paving the way for a capital gains tax on rental properties.
Dr Cullen has suggested he is looking at a number of options to dampen down the economy but says no decisions have been made.
However National's finance spokesman John Key says it is unusual for a finance minister to speak so openly and he believes tough measures are on the way.
Mr Key believes the capital gains tax will go on investment properties in an effort to slow down the housing market.