Labour had their Capital Gains Tax policy leaked earlier this week.

The tax would only apply to residential and commercial property sales, not any other taxable areas. A decision which has led some to question if this is really a Capital Gains Tax.

Labour leader Chris Hipkins had previously said that there would be no Capital Gains Tax under his leadership. However, he told John MacDonald that, 'after the election when we lost, I said, well, everything goes back on the table.'

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