Corporate

Extend capital gains tax while taxing lower earners less

 The Tax Working Group’s final recommendations urge the government to make a broad extension to the capital gains tax regime while allowing low and middle income earners to earn more at lower tax rates and receive higher levels of tax relief on their KiwiSaver funds to compensate for tax on gains from New Zealand shares.

Residential investment and rental property are seen as a no-brainer for inclusion in an expanded regime and the group recommends including shares, all types of land, intangible property, and

TO READ THE FULL STORY ON NEWSROOM PRO

SUBSCRIBE TO PRO

Subscribe now to start a free trial of Newsroom Pro for 28 days.

View our subscription options

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS