The political hot potato of capital gains tax is back on the agenda, with the announcement today that Labour would introduce such a tax should they win the next election.
The policy would apply a 28 percent tax on the profits from selling properties other than the family home and farms from July 2027.
The expected $700m a year across the next four years the tax would gain would be "ring-fenced" for health spending.
Terry Baucher is the director of his own tax consultancy firm Baucher Consulting Ltd and has over 40 years' experience in New Zealand and the UK working as a tax specialist.
He joins Emile Donovan in the Auckland studio.
Photo: RNZ / Nate McKinnon
