Janet Xuccoa a partner of Gilligan Rowe and Associates presents her research and conclusions in an article that suggests a Capital Gains Tax (CGT) really will not solve the housing problem in Auckland.
Tag Archives | Capital Gains Tax
What’s all the fuss about? A far reaching Capital Gains Tax is not going to happen anytime soon. It’s very complex and arguably it’s make up is still in the workings phase.
Property Traders pay Tax on the gains made from their property deals. Yes you heard right. So there is a CGT of sorts – on property deals in NZ it’s just not officially known as CGT. Like any other business where a profit has been made tax is due! Why do some politicians shy away from this fact?
Will any of the Election promises fix supply and demand for property?
Building new homes in the thousands and incentivising first home buyers sounds good but is it the right fix for our property market?
Election campaigning is now in full swing. Just how important is the property investor vote to the political parties?
Property Investors are usually the target of tough measures proposed by political parties desperate for votes.
The NZ Government collect half a billion dollars off rental properties in the year ending March 2013.
The Tax Working Group (TWG) suggested back in 2009 that rental property investors have a tax advantage and don’t pay tax. The lack of data collected supported their claim.
It’s Election year and Capital Gains Tax is the hot issue. CGT was supposed to be the hot issue of the 2011 Election, maybe this time it will be.
NZCIA say it’s design is really important for our economy.
Should we believe what Politicans say – it will correct in the property market? There are a lot of questions and also a lot of miscommunication.