Quote Originally Posted by 777 View Post
A capital gains tax would not need to be at marginal rates. It could be a set rate. Somewhere between 15c and 25c in the dollar.
Just have to look at the Australian CGT regime and adopt it for NZ.

It is a fact that primary residences are exempt from CGT in Oz and it is also a fact that the CGT has not stopped property prices from going berserk there.

Nevertheless, I believe a CGT is long overdue to help channel investments to more productive pursuits than just property, property and more property.