Labour are losing their Australian rich-prick vote

Andrew Little, Phil Goff and Kelvin Davis have spent years sweet talking New Zealand voters living in Australia.   Either they were advocating for their rights that Helen Clark gave away or they were trying to support criminals.

Apart from Kiwis in Oz getting shafted again by Helen’s tawdry deal, New Zealand Labour have also made a bit of a mess of it.

Losing exemption to tax on capital gains is the latest move stripping New Zealanders in Australia of rights they used to have, some Kiwis across the ditch say.

Australia’s federal budget, released this month, included the removal of tax exemption for temporary residents and foreign buyers, in measures aimed at making houses more affordable.

For Richard and Dominique Barker, who live in Melbourne and own their own home, the potential changes are concerning.

So the Australians are hitting them over the head.  But wait, if they own property in New Zealand, the Labour party is coming after them by closing the Capital Gains “loophole”.

Homeowner Robin Turner, a Sydney-based New Zealander who has been living in Australia for 12 years, said he felt like he was in policy limbo.

“People do need to be aware that it might be an issue. It would be good to have clarity around what is actually happening with that, and who will be impacted.”

Tim Gassin, chairman of the advocacy group Oz Kiwi, told Morning Report that New Zealanders would be caught up in the proposed changes.

“There’s been a grace period granted … but essentially, if you sell a house as a New Zealander, after that date you’re going to be slugged with this tax,” Dr Gassin said.

And then when they come to New Zealand and buy a new home, capital gains will be taxed as well.

Oops.  Thanks a lot Labour.

So, the lesson for Kiwis living in Australia with property in New Zealand or wanting to sell up property in Australia to come back home….  to minimise the damage, do not vote for Labour this year.



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