28 Oct 2025

Labour announces capital gains tax policy to fund GP appointments

From Checkpoint, 4:05 pm on 28 October 2025

It's the most progressive change to NZ's tax system in a generation according to Labour leader Chris Hipkins. The party's confirmed it will introduce a 28 percent Capital Gains Tax on commercial and residential properties, excluding family homes and farms, with the money used to fund GP visits. Labour leader Chris Hipkins spoke to Lisa Owen.