- on Tue 20 December 2016
The lack of a capital gains tax on NZ property investments has long been a source of controversy. With John Key's resignation, are we likely to see a change in the law in this area in the near future?
A lot rides on the outcome of the next election. While National remains popular, Bill English led the party to its worst defeat in history in 2002. Although much has changed since then, it's hard to imagine the country will embrace him warmly as the prime minister. This creates a situation where the next election is Labour's to lose - and if they win, it's very likely a capital gains tax will be on the table.
Still, intelligent rental property invesment remains an excellent option for NZ investors looking for stable long term returns.