With the election under two months away, questions have been raised over the impact of Labour's proposed capital gains tax.

This campaign promise has copped some backlash, with National releasing several AI-generated ads condemning its impact.

Dentons tax partner Bruce Bernacchi says it could take some time to reveal the impacts of a capital gains tax, given the current 'flat' state of the property market. 

"I'm not privy to their modelling and maybe that's why it's been quite narrowly targeted at the free doctors' visits. But there surely must be a mismatch for the first few years."

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With the election under two months away, questions have been raised over the impact of Labour's proposed capital gains tax.
This campaign promise has copped some backlash, with National releasing several AI-generated ads condemning its impact.
Dentons tax partner Bruce Bernacchi says it could take some time to reveal the impacts of a capital gains tax, given the current 'flat' state of the property market.&nbsp;
"I'm not privy to their modelling and maybe that's why it's been quite narrowly targeted at the free doctors' visits. But there surely must be a mismatch for the first few years."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Bruce Bernacchi: Dentons tax partner on the impact of Labour's proposed capital gains tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5cd47935-f078-458b-805a-b4c50010ff6e/transcript