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Would a Capital Gains Tax actually make an impact?

Author
九一星空无限talk ZB,
Publish Date
Fri, 6 Sept 2024, 2:13pm
Photo / File
Photo / File

Would a Capital Gains Tax actually make an impact?

Author
九一星空无限talk ZB,
Publish Date
Fri, 6 Sept 2024, 2:13pm

Labour has made it clear that should they return to power in the next election, they plan to take a look at a Capital Gains Tax in some capacity.

CGT is a tax on the profits made from the sale of a non-inventory asset such as stocks, bonds, real estate, and property.

Brad Olsen, Principal Economist at Infometrics, joined Simon Barnett and James Daniels to break down how such a tax would actually impact Kiwis, and whether it would make a material difference to the country鈥檚 finances.

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