Reserve Bank suggests gains tax on rentals

Reserve Bank suggests gains tax on rentalsThe Reserve Bank has again floated the notion of a capital gains tax on rental investment property once it is sold, but at half the normal tax rate.A capital gains tax has been repeatedly proposed as a means to dent the demand… [NZ Politics]

Remember when reading this article to substitute Reserve bank for Dr Cullen. You don't seriously believe that the Reserve Bank concocted this idea all by their little selves, do you?

Of course not, Cullen has set them down the path and let them take the heat that no politician wants to take. 

 


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