Does NZ need a capital gains tax?

Photo / Paul Taylor

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.

Does NZ need a capital gains tax? Here is the latest selection of Your Views: