- Policy
-
Candidates
Candidates Auckland Central | Tuariki Delamere Banks Peninsula | Ben Atkinson Bay of Plenty | Chris Jenkins Coromandel | Rob Hunter Dunedin | Ben Peters Epsom | Adriana Christie Hamilton East | Naomi Pocock Hamilton West | Hayden Cargo Hutt South | Ben Wylie-van Eerd Mount Albert | Cameron Lord Nelson | Mathew Pottinger New Plymouth | Dan Thurston-Crow North Shore | Shai Navot Northland | Helen Jeremiah Ōhāriu | Jessica Hammond Rongotai | Geoff Simmons Southland | Joel Rowlands Tauranga | Andrew Caie Te Atatū | Brendon Monk Wellington Central | Abe Gray Whangārei | Ciara Swords
- Comms & Events
- Support
Taxing on unrealised gains makes no sense! Capital gains taxation makes a lot more sense!
If you own your own property, how can you pay tax on it? It is an unrealised gain. If you sell it within 5 years and make a profit in excess of any costs to renovate the property, then that should be taxed. In many areas of New Zealand we have people who own their own home, and through no fault of their own, their house prices have increased dramatically. Many of these people are already living on the breadline, and you propose to tax them for the unrealised gain in their houses price? OK, so you try to squeeze money out of these people, who don't have any money to start with, but have an expensive property. What happens when the prices go down? Can they get a refund? It's a stupid policy and will not hit speculators very hard at all. A capital gains tax will hit property investors in the pocket. I will not vote for you, if you continue with this absolutely stupid policy!
Do you like this suggestion?
-
Gypsy Walker tagged this with good 2017-07-18 14:58:59 +1200
-
Malcolm Fletcher published this page in How would you make New Zealand Fair Again? 2017-06-01 21:29:17 +1200