Pre-Xmas housing policy rush

Housing and Urban Development Minister Phil Twyford

Government pledges to restructure the tax system mean that potential changes to the tax law surrounding property are of major interest to investors, with fears of a capital gains tax or land tax running high.

While the government has said there will be no major changes before the next election, they are moving quickly to get their Tax Working Group up and running.

Finance Minister Grant Robertson today announced the people who will make up the Tax Working Group, alongside chair Sir Michael Cullen.

The group of 11 range from tax experts to academics to private sector representatives to a union representative and a Maori community expert.