Speculation
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Not yet available on their website.
- A capital gains tax (excluding the family home) to dampen property speculation and make the tax system fairer.
- Closing loopholes used by property speculators, such as negative gearing and the combined collateral exemption.
- Restricting residential land sales to citizens and permanent residents only.
- Develop new investment products such as housing bonds that transform property speculation into productive investment that is good for the whole country.
- Read more here.
- Tax speculators by extending the bright line test (which currently requires property investors who sell a house within two years of buying it to treat any net gain on sale as income for income tax purposes) to five years, while retaining current exemptions.
- Create a level playing field for families to buy their first home by removing a tax loophole that speculators use to avoid paying tax. Speculators will no longer be able to use tax losses on their rental properties to offset their tax on other income.
- Ban non-resident foreign speculators from buying existing New Zealand houses.
- Read more here.
Not yet available on their website.
- Tightened rules to ensure people buying and selling property for profit pay their fair share of tax.
- Read more here.
- Reduce pressure on housing by slashing 72,400 foreign migrants net, who entered New Zealand over the past year with most settling in Auckland.
- Ensure that only New Zealand citizens and Permanent Residents can buy freehold land.
- Fully monitor and enforce the terms and conditions of existing approvals by the Overseas Investment Commission for the ownership of land by non-residents.
- Read more here.
Not yet available on their website.
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