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Property expert explains the capital gains tax

Author
Newstalk ZB,
Section
Audio,
Publish Date
Saturday, 23 February 2019, 4:22p.m.
Photo / NZ Herald

The Tax Working Group’s recommendation that a capital gains tax should be introduced on a range of assets, including rental properties, has prompted outrage from many investors.

While the TWG believes that, on balance, a capital gains tax will lead to "some small upward pressure on rents and downward pressure on house prices”, investors have a different view.

Leonie Freeman, CEO of the Property Council joined The One Roof Radio Show on The Weekend Collective to break down the important points of the proposal and explain what they could mean if you are selling your house

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