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Thread: Housing Tax

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  1. 02-01-2017, 05:07 PM #8
    Valuegrowth
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    If I am correct the Morgan Foundation has proposed the comprehensive capital income tax (CCIT) as a way of closing some loopholes. If you realize current property boom mainly limited to English speaking countries such as UK, Canada, UK and Australia. They say foreigners can afford to buy property but long term citizens cannot think about buying property. For example some employees in Auckland moved to other areas as they couldn’t afford to rent. They also say only way to stop this property boom is introducing capital gain for property traders excluding living home (first home). Is it making sense?
    Last edited by Valuegrowth; 02-01-2017 at 10:54 PM.
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