A ten percent capital gains tax would reduce house prices by about 11 percent
A ten percent capital gains tax would reduce house prices by about 11 percent
19 June 2018
Westpac has been looking at how changes to the tax system would impact New Zealand house prices.
It's something The Tax Working Group set up by the Government is interested in.
Westpac Chief Economist Dominick Stephens says a capital gains tax would very definitely bring down house prices.
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