MONEY TALKS: The latest assault on capital gains

Tue, 30 Jun 2015

By Paul McBeth June 30 (BusinessDesk) - You'll never hear these words being uttered by a politician, but it seems as though rapid capital gains in residential property can be quite a problematic thing. The government has launched a discussion paper proposing the Inland Revenue Department more stringently enforce tax obligations for property investment gains. Finance Minister Bill English rolled out the new policy in the May budget among several measures aimed at curbing property speculation, which is seen as the latest reason why Auckland...

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