Given new unfettered power to govern alone, Jacinda Ardern plays it safe with no talk yet of big policy or spending shifts. Her DNA is set for MMP, not FPP. Investors celebrate a weak Biden win
The housing market is nuts, JA won't do a new capital gains tax. I wonder is there a workaround. At the monment we do tax capital gains using the bright line test. Saying you must be trading in order to make a capital gain. If it was extended to say, if your rental property is negatively geared for more that three years, you must be investing for the capital gain so you should pay tax on that gain. Same kind of logic for gost homes, bought but not rented out becaus the capital gains can 200k pa
The housing market is nuts, JA won't do a new capital gains tax. I wonder is there a workaround. At the monment we do tax capital gains using the bright line test. Saying you must be trading in order to make a capital gain. If it was extended to say, if your rental property is negatively geared for more that three years, you must be investing for the capital gain so you should pay tax on that gain. Same kind of logic for gost homes, bought but not rented out becaus the capital gains can 200k pa
Elaine