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On average, everyone
disagrees
with
significant nonconsensus
between 45 voters.
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Please read the comments from other voters below, then scroll down make your decision. Do you agree or disagree with the following statement?
There should be a capital gains tax
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Reasons To Disagree
This will only lead to less rental properties for those who either need to or choose to rent. New Zealanders already pay to much tax!
too much tax now to pay
This should apply to non New Zealand citizens only.
Only on "non New Zealand citizen" speculators
Yeah right - plus taxes on sex, breathing and anything else you can think of. What the HELL do we need more taxes for? There's enough of 'em! If I invest and gain by doing so - why should the gummint penalise me for it?
We need a government which does not spend more than they earn then they would not need as much tax.
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Reasons To Agree
The Tax payer should not subsidise property investment that runs at a loss. It is too onesided and only benifits a minority. A capital gains tax pays the loss back to the taxpayer but keeps the investment potential in place.
if we remove other write offs, and restrict it to foreign owned property owners... although that will just make them incorporate locally!
Of course there should. Family home excepted. It's yet another indication of our governments being dictated to by special interest groups that it hasn't happened. I pay tax on all my income. Why shouldn't everybody.
No tax on the "family home" but tax the comercial sector. I pay tax so should those who make or subsidise there incomes with property
I think our current policies are good. On 17 May 2015, the governing National Party announced it would tighten rules for taxing profits on the sale of property. From 1 October 2015, any person selling a residential property within two years of purchase would be taxed on the profits at their marginal income tax rate. The seller's main home would be exempt, as well as properties inherited from deceased estates or transferred as part of a relationship settlement. To help enforcement, all buyers would need to supply their IRD number at settlement. Capital gains tax works in theory but when you look at how they are implmented i n the uk they become a viscous tool used by the wealthy to bully people out of their assets
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Reasons for Remain Neutral
Dunno. In principle it seems like a good idea. But in principle it would be very difficult to implement, and therefore costly.
My View
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