Property Now
Should NZ Have a Capital Gains Tax?
Here's the simplest argument against a capital gains tax:
Just don't sell. Don't sell your asset. Don't pay tax.
In this episode of the Property Academy podcast, Ed and Andrew debate whether New Zealand should introduce a comprehensive CGT — on property, shares, businesses, and everything except the family home:
● Why Andrew thinks the current system unfairly rewards asset holders over wage earners
● Why NZ is the OECD outlier with the most limited capital gains regime in the developed world
● Why Ed thinks the lock-in effect is one of the biggest problems with CGT internationally
● Why a simple tax system is one of NZ's genuine competitive advantages
● And whether Labour's CGT policy actually pairs with the income tax cuts that would make it worthwhile
Both sides make their strongest case. Vote in the comments.
Ok, now for the legal bit:
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