FIRST CUT: Extend capital gains tax while taxing low and middle income earners less: Tax Working Group

Wed, 20 Feb 2019

By Pattrick Smellie Feb. 21 (BusinessDesk) - The Tax Working Group’s final recommendations urge the government to make a broad extension to the capital gains tax regime while allowing low and middle income earners to earn more at lower tax rates and receive higher levels of tax relief on their KiwiSaver funds to compensate for tax on gains from New Zealand shares. Residential investment and rental property are seen as a no-brainer for inclusion in an expanded regime and the group recommends including shares, all types of land, intangible...

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