Softening up for capital gains tax in all but name

Tue, 01 Dec 2020

It is now abundantly clear the government is laying the groundwork to extend the so-called ‘bright-line test’ from five years to as long as 10 years to deter property speculation.Under sustained questioning today from National Party leader Judith Collins and her finance spokesman Andrew Bayly, both Prime Minister Jacinda Ardern and Finance Minister Grant Robertson were coy in Parliament on whether such a move could be ruled out.Rather, they engaged in the same sophistry used by National when it first introduced a two-year bright-lin...

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