I would like to see TOP make 5% however it seems unlikely with a start like this.... thankfully you there is time for reflection and a rethink. The change promoted would be a step to far and too much of an adjustment; yes even to talk about. NZers have difficulty with the idea of a capital gain tax (even excluding the family home). With this policy I fear that TOP can sound the death knell before it even begins... the family home is sacred. To make a difference TOP must first make it to the table... Exclude the family home. I would like to read some example on how this applies to other asset types other than land and buildings.
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