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Thread: Housing Tax

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  1. 01-01-2017, 02:22 AM #1
    fungus pudding
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    Quote Originally Posted by MARKETWINNER View Post
    GTM 3442

    There is a criticism if they can implement tax for stocks, employee earnings and other assets why not impose on property traders as well?
    They do. It's called income tax.
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  2. 01-01-2017, 08:33 AM #2
    artemis
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    Quote Originally Posted by fungus pudding View Post
    They do. It's called income tax.
    Correct, and though not a CGT as such, it can be as high as the top marginal tax rate. which BTW is a lot higher than the CGT tax proposed by Labour. And it applies to any trader, not just in property.

    From time to time IRD quietly announce their focus areas. Property traders have been on the radar for several years, supported by increased compliance budget.
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