There has been a suggestion tenants will be the ones to suffer if New Zealand introduces a capital gains tax.
It is expected to form part of Labour's tax policy, going into the November election. The family home would be excluded from such a proposal, which is likely to levy a 15 per cent tax when a property is sold.
Property Investors'Federation president Andrew King says it will put people off selling their investment properties, reducing the supply of properties on the market and sending rents up.
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