Should New Zealand introduce a capital gains tax?
@8HRSZ9N4yrs4Y
only on investment property as well as overseas investors
@9B7Q7FR1yr1Y
Yes, but this should be accompanied by reduction or elimination of other taxes (such as no tax on income and dividends in KiwiSaver allowing for better compounding. Then capital gains tax when drawing in retirement. This encourages saving and allows for wealth building).
@9FK5LRZ7mos7MO
Yes for overseas investors and investment property
@8HM5PL74yrs4Y
Yes but only on investment property and for overseas investors
@9HK9YD6 4mos4MO
They should overseas issues by legends former US president Donald Trump and former UK Prime minister's office with investigation of ends
@9H3ST5B5mos5MO
Yes, but only for overseas investors who buy more than 3 hectares of land and family have no relation to New Zealand
Definable for overseas investors at a high rate and building investment properties not private properties as you should be able to have 2 properties per NZ citizens only
@9G6PFTX6mos6MO
I would prefer a wealth tax or land tax or a combination of the two and make the first 20-30,000 of income tax free
@9G6LRRR6mos6MO
Yes, but only after a limit, eg, on the 3rd investment property or if valued over a certain amount, so small investors don't get hit.
Capital gain tax should be implemented if you have MORE THAN 1 rental. Everyone should be entitled to have at least one rental property to assist them in their retirement years, because the pension is certainly not enough. People who have a rental property have worked hard, and planned hard for their retirement years.
@9G2VHHM6mos6MO
15% CGT would be fair for 1 or 2 investment properties. After this then it is a business and needs to be taxed accordingly.
We already have one. Potentially expanding on the bright line rule to penalise those with multiple properties
Yes but not in the way that I’ve heard it be talked about - eg retired people with a small number of rental properties shouldn’t be taxed if they don’t have millions in the bank
@9FQCKCL7mos7MO
Transaction tax should be implemented
@9FQ88K3Opportunities7mos7MO
No, A flat tax on all property should be implemented as a method of wealth tax.
@9FPG44R7mos7MO
Yes, but only on investment property And to foreign companies and individuals
Again I do no understand
@9FNFGXK7mos7MO
Yes, but for overseas investors and investment property owners
@9FLB9XN7mos7MO
Definitely for foreigners but for kiwis only 3+ properties
Yes, when owning more than 2 properties
Yes, for investment properties not being used by the owners themselves and for overseas investors. If they can afford property just for their monetary gain, they can afford to pay taxes on it.
Yes, but only on passive assets and in conjunction with removing other capital-like taxes such as Bright-line
Like that currently can’t claim cost of mortgage. This has been very helpful in taking buying houses as our favourite investment.
@9FJLFN6Te Pāti Māori7mos7MO
Depends on the context of the selling of the property. If it were multiple properties then yes.
There is already a capital gains tax in N - it just has to be enforced.
I don't mind, I don't particularly understand this.
@9FGF4487mos7MO
Only on +3 investment property. AND help the kiwis that are hungry first.
On the 3rd property and any thereafter. Two properties free of capital gains tax.
@9FFSK3G7mos7MO
Only on overseas investors and 2+ rentals. 1 rental is ok
@9FFLP9DOpportunities7mos7MO
Yes, but not in a way that punishes mum and dad investors
@9FDWWXF7mos7MO
both overseas and over 5 investment properties
@9FDWLD57mos7MO
Yes, but only if 2 or more investment properties are owned
@9FDW3RN7mos7MO
This should appy to investors with more then two properties e.g. 2 investment properties besides their own home
@9F9DGL2Opportunities7mos7MO
Yea but on capital gains
@9F8JN7C7mos7MO
Yes, only for overseas investors and those with more than 2 properties.
Current bright line sufficient
Yes, for both overseas investors and investment property
@9F88YT47mos7MO
Yes, but only on your fourth investment property
@9F6LXJM7mos7MO
No, use an ad valorem tax instead.
Yes, but only on second (or more) properties
@9F6JWG57mos7MO
I don't have enough knowledge about this topic ethier to make a proper statement concerning it.
@9F6JSZW7mos7MO
Yes, on houses over $2 million
Yes, and lower tax for all under $150,000 - get the tax from richer people and those gaining elsewhere
Yes on both investment properties and for overseas investors
No, but they should increase subsidies for first home buyers
@9F5DF4H7mos7MO
Yes but investment properties and overseas investors
@9F4XW8J7mos7MO
Yes, but only on short term investment. The time should matter. Hold longer = less tax or no tax
As long as losses can be claimed as well And for shares as well as investment property
The historical activity of users engaging with this question.
Loading data...
Loading chart...
Loading the political themes of users that engaged with this discussion
Loading data...