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  Reply # 1863178 13-Sep-2017 08:24
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Anyone who thinks CGT will make a dent in house prices should look long and hard at countries that already have it and see whether their houses are appreciably cheaper. The UK does (and transactional Stamp Duty on houses and land as well), and certainly the houses are no cheaper than here by any means, and I think Australia does and likewise is no cheaper.

 

CGT will just raise revenue for the government - at our expense of course - it won't have any effect on house prices. I simply won't believe any politician who thinks CGT is about lowering house prices.






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  Reply # 1863191 13-Sep-2017 08:38
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Geektastic:

 

Anyone who thinks CGT will make a dent in house prices should look long and hard at countries that already have it and see whether their houses are appreciably cheaper. The UK does (and transactional Stamp Duty on houses and land as well), and certainly the houses are no cheaper than here by any means, and I think Australia does and likewise is no cheaper.

 

CGT will just raise revenue for the government - at our expense of course - it won't have any effect on house prices. I simply won't believe any politician who thinks CGT is about lowering house prices.

 

 

National have a policy, it just states we will tighten up on Res homes


 
 
 
 


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  Reply # 1864329 13-Sep-2017 10:48
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If you want to take the investment heat out of the housing market, a more constructive way to do it than imposing yet another tax burden is to offer people a form of tax free saving for retirement other than property.






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  Reply # 1864896 14-Sep-2017 08:13
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For a man who wants to know other parties' tax details and costings, perhaps he should get his own house in order first.

 

Anyone who is thinking of voting for this man should listen to this first: http://www.radionz.co.nz/news/political/339374/the-leader-interview-winston-peters

 

I really don't think he has the mental comptetence or emotional intelligence to fully participate in society, let alone run a country


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  Reply # 1864904 14-Sep-2017 08:24
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Geektastic:

 

If you want to take the investment heat out of the housing market, a more constructive way to do it than imposing yet another tax burden is to offer people a form of tax free saving for retirement other than property.

 

 

Make it unpalatable to buy a house for investment, unless you are a longer term landlord. Make it very palatable to build. Who cares if the house sales have dropped 30% lately. That has had ZERO effect on housing stock. You need building not buying, so incentivise that


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  Reply # 1864940 14-Sep-2017 08:58
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tdgeek:

 

Geektastic:

 

If you want to take the investment heat out of the housing market, a more constructive way to do it than imposing yet another tax burden is to offer people a form of tax free saving for retirement other than property.

 

 

Make it unpalatable to buy a house for investment, unless you are a longer term landlord. Make it very palatable to build. Who cares if the house sales have dropped 30% lately. That has had ZERO effect on housing stock. You need building not buying, so incentivise that

 

 

 

 

It makes at least equal sense to incentivise non-property saving for retirement by offering the tax advantages that most comparable nations have but which NZ does not. It would certainly help going forward if they have to make Superannuation from the State means-tested or raise the age significantly higher.






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