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17-04-2019, 02:58 PM
#7601
 Originally Posted by mondograss
They'll do some tinkering, possibly look at a land tax on undeveloped residential land to prevent land-banking, possibly a few other things. The TWG report made about 100 recommendations, so expect some of them to come through.
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?
Last edited by bull....; 17-04-2019 at 02:59 PM.
one step ahead of the herd
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17-04-2019, 03:03 PM
#7602
Originally Posted by bull....
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?
Absolutely not. What we however urgently would need is a tax on scaremongerers and downrampers! Maybe worthwhile a new working group?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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17-04-2019, 03:07 PM
#7603
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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17-04-2019, 03:07 PM
#7604
Originally Posted by BlackPeter
Absolutely not. What we however urgently would need is a tax on scaremongerers and downrampers! Maybe worthwhile a new working group?
haha just putting stuff out there , anyway ill be first on the grp if i get paid like cullen
one step ahead of the herd
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17-04-2019, 03:11 PM
#7605
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 
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17-04-2019, 03:30 PM
#7606
Originally Posted by bull....
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?
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.
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17-04-2019, 03:32 PM
#7607
Looks like big lift in retirement stocks, immediate effect of that 2pm announcement on no CGT
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17-04-2019, 05:06 PM
#7608
A bit of de-risking so it appears. up 3.9% on the day. (along with 2.9% for OCA)
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17-04-2019, 05:35 PM
#7609
And 3.8% for MET. They were fractionally down at 2pm.
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17-04-2019, 05:38 PM
#7610
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 
Last edited by Beagle; 17-04-2019 at 05:41 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Post of the Day !!!! Too funny, I nearly split my sides laughing 
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