PHOTO: The impact of a capital gains tax on rental property would likely be negative for tenants, with landlords boosting rents to offset any negative tax impact says Peter Dunne.

 

Former minister and long-time MP Peter Dunne applauds the apparent death of the capital gains tax. He says tax purists and social envy groups who want it are naive and don’t realise it won’t raise much money.

The spectre of a capital gains tax on residential property sales and other substantial assets has loomed large over the New Zealand tax scene for about fifty years now.

 

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