DonGould:
15% CGT?
While CGT is on the table National is in government.
I think that National is going to be forced to bring in CGT or face huge economic issues over housing.
The problem is that people (and corporations) can buy houses, rent them out to make enough to cover outgoings, and then sell them to make a huge untaxed profit. So long as that position continues, there will be continued demand for investment property. And of course NZers are unable to compete as far as purchasing goes, so they fuel the rental market some more.
To make matters worse, the market is open to anyone in the world, so there is effectively infinite demand.
Worse yet again, all the profits are being shipped off overseas, so that the NZ economy doesn't grow.
I suspect that CGT is more palatable to National's backers, and therefore National & JK, than restricting foreign ownership.


