It's unclear how much the Labour government will raise, from its just announced new capital gains tax.

The targeted tax would apply to profit made from selling commercial or residential property, to raise funds for universal free doctors visitors.

The family home, farms, KiwiSaver, shares, business assets, inheritances, and personal items will be exempt.

Infometrics Principal Economist Brad Olsen told Ryan Bridge the announcement doesn't specify how much the tax is likely to raise.

He says it's hard to assess based on the information whether the tax would raise millions, hundreds of millions, or billions of dollars of revenue over any time period.

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It's unclear how much the Labour government will raise, from its just announced new capital gains tax.
The targeted tax would apply to profit made from selling commercial or residential property, to raise funds for universal free doctors visitors.
The family home, farms, KiwiSaver, shares, business assets, inheritances, and personal items will be exempt.
Infometrics Principal Economist Brad Olsen told Ryan Bridge the announcement doesn't specify how much the tax is likely to raise.
He says it's hard to assess based on the information whether the tax would raise millions, hundreds of millions, or billions of dollars of revenue over any time period.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Brad Olsen: Infometrics Principal Economist on Labour announcing a capital gains tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/47bfaa6b-1bb2-4c6d-b6e0-b383011eda6d/transcript