David Parker & Bill English Discuss Capital Gains Tax

Too bad that David Parker forget to mention that a capital gains tax will also apply to farms businesses, shares and inheritances.

Note:  if a CGT is to be applied to property sales @ 15% ( other than the family  home) does that mean that investors who renovate, develop and on-sell properties for a profit will also be taxed at 15% rather than 33%? Now that would be a good deal.

View it here:

http://tvnz.co.nz/q-and-a-news/hager-book-tip-ice-berg-david-parker-video-6068152

 

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