In an interview with Richard Harman, Phil Twyford indicated the CGT is still in play
There is a critical missing policy in Labour’s suite of housing announcements made over the weekend.
Though the policies would extend the current bright line test to apply income tax on the resale of homes from within two to within five years, it stops short of a full capital gains tax.
However, it is not off the table.
Housing spokesperson Phil Twyford told POLITIK last night that Labour would reconvene the tax working group once it was in Government.
“Grant Robertson’s position has been that he’s not going to rule anything out,” said Mr Twyford.
“All options will be on the table for tax reform.”
So, the cowards intend to set up a “working party” after the election, and then have that magically recommend CGT, at which time Labour will invoke the “thorough consultation” mantra and push it through. Read more »