Feature: Policy King Hit
In this world nothing can be said to be certain, except death and taxes according to Benjamin Franklin. And, in New Zealand of late, it seems that nothing can be certain except talk of tax – specifically the spectre of a capital gains tax. Since the public release of the Tax Working Group’s (TWG) final report, it feels there has been talk of little else.
For property investors, the TWG’s report confirms their fears that a Capital Gains Tax (CGT) on rental properties is now firmly on the cards.