View Poll Results: Should there be a Capital Gains Tax on Property
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No
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Yes
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Goff is just an idiot
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Epic fail for Labour
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Originally Posted by 777
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.
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