Skip to Content

Capital Gains Tax

warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'Pacific/Auckland' for 'NZDT/13.0/DST' instead in /home/annchap/public_html/sites/all/themes/zeropoint/page.tpl.php on line 184.

Seems to me to be a very sensible approach. I fail to understand the complaints of those people who have investment property available for rental, that rents will rise because of CGT. As the tax only applies when the property is sold and that the property  therefore incurs no further costs until it is sold, how come rents will rise. Says more about opportunism of landlords than rational argument

Comments

Post new comment

By submitting this form, you accept the Mollom privacy policy.


Theme by Dr. Radut.