Q+A with Jack Tame Chris Hipkins: Will capital gains tax have unfair outcomes?
Nov 1, 2025
Labour leader Chris Hipkins dives into the complexities of capital gains tax. He discusses its intent to fund free GP visits and addresses concerns about revenue sufficiency. The implications of the policy and its fairness are critically examined. This insightful conversation reveals how tax reforms can impact healthcare funding in the country.
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Revenue Earmarked For GP Visits
- Labour plans to use the revenue to fund three free annual doctor visits per New Zealander.
- The expected revenue is modest and tied specifically to property gains rather than all capital gains.
Capital Gains Tax Focused On Property
- Labour will introduce a capital gains tax focused on property gains to raise revenue.
- It is forecast to raise about 0.58% in additional revenue each year for funding services like GP visits.