Capital Gains Tax (CGT)

The NZ government responded yesterday to the Tax Working Group report on the NZ tax system. While repudiation (for now) of the proposed Capital Gains Tax (CGT) grabbed the headlines, the other 90-something clauses also received a response. Not much to look at here, folks. But in case you are interested, have a read: http://taxpolicy.ird.govt.nz/…/2019-04-17-government-respon… However don’t celebrate or despair just yet – one of the worst-kept secrets in Auckland last year was that the Government always intended to say no to CGT now, but to introduce it after next year’s general election……