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Podcast: The Front Page
Episode: Is Labour's new policy a watered down capital gains tax?
Description: Labour has announced what some are describing a âwatered downâ version of a Capital Gains Tax. This targeted CGT would affect profit made after July 2027 from selling a commercial or residential property, excluding the family home. Leader Chris Hipkins promises nine out of 10 Kiwis wonât pay tax on what they own, and itâll allow everyone to get three free doctors visits a year. On the flip side, Nationalâs calling it an âattack on investment and savingsâ - with Finance Minister Nicola Willis saying it would âput New Zealandâs economic recovery at riskâ...