The NZ Property Market Podcast Here comes the CGT?
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This week Nick and Kelvin discuss the announcement from the Labour party about a proposed Capital Gains Tax. The conversation delves into the implications of a new 28% tax on the net sale of residential and commercial properties which could take effect on July 1, 2027.
It discusses the details surrounding the tax, including what types of properties are affected, the valuation process, and the potential revenue implications. Concerns are raised about the accuracy of projected tax revenue and how market behaviour may change as a result of this new tax.
Nick and Kelvin also speak about a few of the often-missed details in the Cotality monthly chart part and wrap up last week's release of CPI inflation data for Q3.
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