Robertson must ditch capital gains tax

BY ACT at 11 September, 2018


“Grant Robertson will have to ditch a full-blown capital gains tax after Stuff revealed this morning the Tax Working Group is likely to advise against the idea”, says ACT Leader David Seymour.


“The Tax Working Group has a strong left-wing flavour. It is led by an ex-Labour Finance Minister, and includes a prominent union leader and a self-proclaimed ‘skeptic of economic growth’.


“If a hand-picked group cannot bring themselves to recommend a

Capital Gains Tax coming, will be paid by renters

BY ACT at 24 July, 2018


“The Finance Minister’s answers in the House this afternoon show he clearly favours the introduction of a fully-fledged capital gains tax”, ACT Leader David Seymour says.


“Grant Robertson said there was “no doubt” investment needed to be shifted away from the housing market. 


“The Government has ruled out taxing the family, and therefore the largest asset class a CGT would cover is our stock of rental housing. 


“In background papers released online,

Capital Gains Tax in all but name

BY ACT at 27 March, 2018


“Tonight, we have a capital gains tax in all but name, and the National Party is as responsible as the Government,” says ACT Leader David Seymour.

“Tonight’s passage of the Taxation (Employment Income and Remedial Matters) Bill means homes bought and sold within five years will be subject to tax on capital gains.

“The five year bright-line test means that many New Zealanders will find themselves paying tax when they sell a home.