Is a capital gains tax really likely?
Posted on November 11, 2009 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
All logical, statistical and equity arguments say YES, but political desire to stay in power says NO.
Since property investment should be viewed as long term (10 years plus) then even with a cap gains tax, rents would increase to compensate, so just as in other countries, it is still viable to invest albeit with a slightly different formula for the same gains.
Filed under: REAL ESTATE