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  1. #11
    Old guy
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    Default Re: Capital gains tax comes on the radar again ...

    As with any other tax it is only those who do not think that they, themselves, will not have to pay it that are in favour of it being introduced. Hopefully before the election we will have a bit more detail about just what we are voting for.

  2. #12
    Senior Member 1101's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by CliveM View Post
    Hopefully before the election we will have a bit more detail about just what we are voting for.
    Problem is labor wont say how or what the CGT will be. They will have a working group to look into options .
    All to easy to stack the working group to suit the outcome they want (Nat does this as well).

    Those with property investments & 2nd homes wont be voting labor, so labor have nothing to loose with a CGT.

    This election is turning into a lolly scramble. Both parties effectively trying to buy votes. Anyone would think NZ didnt have a huge debt burden.
    There is no surplus , we simply havnt been paying of debt, spending up instead .

  3. #13
    Senior Member paulw's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by 1101 View Post
    Problem is labor wont say how or what the CGT will be. They will have a working group to look into options .
    All to easy to stack the working group to suit the outcome they want (Nat does this as well).

    Those with property investments & 2nd homes wont be voting labor, so labor have nothing to loose with a CGT.

    This election is turning into a lolly scramble. Both parties effectively trying to buy votes. Anyone would think NZ didnt have a huge debt burden.
    There is no surplus , we simply havnt been paying of debt, spending up instead .
    Regards,

    Paul W
    Taco Bell is not a Mexican telephone company

  4. #14
    Wrinkly Member! B.M.'s Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Well itís Friday not Monday (I think?), so I canít post this in the joke thread, so being political, Iíll post it here.

    Yes itís from the Politically Incorrect Editor of our local paper.

    HERE
    Global Warming is Mann made.
    .
    .
    The government cannot give to anybody anything that the government does not first take from somebody else.

  5. #15
    Senior Member Digby's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Those that think a CGT will stop New Zealanders from investing in homes as an investmentn and put it into businesses or shares are deluded.

    It will not decrease the price of houses, it will increase them.

    Then we will all pay more with higher accomodation supplement handouts.

    PS I only have my own home (for which I am very thankful)
    So what colour is your Adkaf?
    Have you joined Proud to Be Kiwi yet?

  6. #16
    Senior Member pctek's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by Digby View Post
    It will not decrease the price of houses, it will increase them.
    Then we will all pay more with higher accomodation supplement handouts.
    Don't see how....there is a cap on the amount of accommodation supplement you can get.
    wipe your paws.

  7. #17
    Senior Member Digby's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by pctek View Post
    Don't see how....there is a cap on the amount of accommodation supplement you can get.
    Beacsue if landlords have to pay more tax, they will put their rents up, so the government will have to up the supplement cap.
    It will affect the lowest income people the most
    So what colour is your Adkaf?
    Have you joined Proud to Be Kiwi yet?

  8. #18
    Apple free and happy KarameaDave's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by Digby View Post
    Beacsue if landlords have to pay more tax, they will put their rents up,
    Why? they won't be liable for CGT, unless they sell the property.
    Also,
    Tighter regulation of the rental market will happen, just as it has in other countries, the wild west of the NZ rental market will eventually be brought under control.
    FTW

  9. #19
    Senior Member pctek's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by Digby View Post
    Beacsue if landlords have to pay more tax, they will put their rents up
    Capital gains isn't about owning a house you rent out, it's about selling it then paying tax....this applies to those who flick for profit, not long term landlords.
    wipe your paws.

  10. #20
    Senior Member pctek's Avatar
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    Default Re: Capital gains tax comes on the radar again ...

    Quote Originally Posted by Digby View Post
    Beacsue if landlords have to pay more tax, they will put their rents up, so the government will have to up the supplement cap.
    Seems to me, that unless you are an investor, flicking houses to make your living, who cares?

    Or is it a thinly veiled bleat about beneficiaries again?
    You know taxes are used for all sorts of things, medical treatment, schooling, transport stuff, supplying the army etc.

    I really don't care much about taxes, we get services in exchange....or do you prefer the old style, pay taxes to some king so he can A)have a lavish lifestyle and B)afford to attack the neighbours and accumulate more stuff for himself?

    That's how it used to work, and you, the taxpayer didn't get to walk on the land, or hunt the animals, or collect firewood etc.
    You got nothing really, except perhaps an additional requirement to join the fight, and hand over your food as well.

    How much tax money goes to beneficiaries isn't that high anyway, and the majority of that is actually to pensioners.
    Its not all handing over YOUR personal pay check to the local Mongrel Mob guy collecting dole while burgling your house and beating up the local dairy owner.

    YOUR pay check is quite good, really and while I may wish more of the tax I give goes to certain services more so than others, really, it's the govts decision.

    Matter of balance and someone somewhere will always moan however it's allocated.

    They should, IMO, concentrate more on the large corporates avoidance schemes, but hey, there you go....
    wipe your paws.

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