PHOTO: SUPPLIED A broad capital gains tax could cost the commercial property sector “billions”, the Property Council of New Zealand warns.
A comprehensive capital gains tax could cost the commercial property industry “billions a year”, the Property Council of New Zealand warns.
The Tax Working Group’s Final Report has recommended a broad capital gains tax impacting a lot of property but not the family home.
“If a capital gains tax is introduced, it could cost the sector $100’s of millions, then billions a year,” the council has has told its members in an advisory.
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