NZPIF: Landlords aren't speculators
The party would impose a capital gains tax on all asset classes except the family home if it were the Government after the next election.
Leader David Cunliffe told television programme Q&A at the weekend: “Non-resident foreigners who have access to cheap finance are driving up the price of homes in New Zealand, so young Kiwis can't get into their own homes.”
He said it was lunacy that property speculators could get tax-free capital gains.
But NZIF executive officer Andrew King said people who bought and sold property for profit were already taxed.
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