Glad they are finally doing it and this should hopefully get much needed funding for our healthcare system. Whats shocking to me is that even with all the controversial bits taken out its still unpopular. I swear nz has the most hardheaded people out there.

RNZ-Reid Research poll last month found 43 percent in support of a CGT on investment properties

What is left for people to whine about?

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[–] Dave@lemmy.nz 6 points 1 year ago

This article says they are going to allow expenses:

They would then have to pay tax - Labour is proposing at a rate of 28 percent - on the difference between their purchase price 9or the value at July 1, 2027, whichever is later) and their eventual sale price, minus money spent on the property, when they sold.

Which explains the high tax rate.

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