Explained: How could Labour's proposed capital gains tax impact Kiwis?
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With the election under two months away, questions have been raised over the impact of Labour's proposed capital gains tax.
This campaign promise has copped some backlash, with National releasing several AI-generated ads condemning its impact.
Dentons tax partner Bruce Bernacchi says it could take some time to reveal the impacts of a capital gains tax, given the current 'flat' state of the property market.
"I'm not privy to their modelling and maybe that's why it's been quite narrowly targeted at the free doctors' visits. But there surely must be a mismatch for the first few years."
LISTEN ABOVE
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- 'Too combative': Hipkins speaks to Jackson over tax remarks
- Hipkins says CGT is Labour's only tax – but is he staying quiet on another increase?
- Labour makes another health promise paid for by capital gains tax
- Exclusive: Capital gains tax polling shows highest support for inflation-adjusted gains over nominal
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