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21 Jan 2021 7:47
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  •   Home > News > Business

    Expansion of an existing measure, rather than a new tax

    Expansion of an existing measure, rather than a new tax

    Finance Minister Grant Robertson is asking Treasury to look at a range of options to rein in house prices - including extending the bright line test.

    Critics claim that would amount to introducing a capital gains tax by stealth.

    But Massey University lecturer in taxation Alison Pavlovich says there's both a yes and no answer ....

    She says yes , it would bring in more tax payers, but no, it's already a rule, so it would only be an expansion of something that already exists.

    The bright line test means the sale of a second property within five years of buying it, sees a tax imposed.

    It was introduced by National in 2015, and extended by Labour in 2018, from two years to five.

    © 2021 Newstalk ZB, NZCity

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