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

Join Kerre Woodham one of New Zealand’s best loved personalities as she dishes up a bold, sharp and energetic show Monday to Friday 9am-12md on Newstalk ZB. News, opinion, analysis, lifestyle and entertainment – we’ve got your morning listening covered.

Kerre Woodham Mornings Podcast

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/84b5ca86-c0a7-4406-8595-b4c500110060/transcript

The ACT Party has unveiled their party list ahead of the election - and they've placed Paul Henry in the top five and kept Seymour, McKee, and Hoggard at the top.

Paul Henry also indicated that ACT would be looking to bump the retirement age up to 67, but allow people to access their KiwiSavers from age 65.

ACT Leader David Seymour says the party would stagger retirement out - meaning people may have to work an extra few months before they reach the threshold.

"It's been our official policy for a long time, we'll confirm it when we release an alternative budget. Everybody likes talking about bottom lines, but I'll just point to how much influence ACT has been able to have without setting bottom lines." 

LISTEN ABOVE

The ACT Party has unveiled their party list ahead of the election - and they've placed Paul Henry in the top five and kept Seymour, McKee, and Hoggard at the top.
Paul Henry also indicated that ACT would be looking to bump the retirement age up to 67, but allow people to access their KiwiSavers from age 65.
ACT Leader David Seymour says the party would stagger retirement out - meaning people may have to work an extra few months before they reach the threshold.
"It's been our official policy for a long time, we'll confirm it when we release an alternative budget. Everybody likes talking about bottom lines, but I'll just point to how much influence ACT has been able to have without setting bottom lines."&nbsp;
LISTEN ABOVE

David Seymour: ACT Party leader indicates party could be looking to change retirement age

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/df0a55a1-1f96-4f79-8451-b4c500158955/transcript

I hope you'll be phoning in to tell me all about the CRL - because it's trains, planes and automobiles today with the official launch of the long awaited CRL yesterday.

This morning it was the hard launch as commuters test the reliability, convenience and time saving potential of the railway line.

Tough day to be a bus. Nobody cares, you big stinky diesel thing, even though I know a few of you have turned electric.

There the buses are heroically supporting the commuter network, around 70 million passenger trips per year. Where's the gratitude? There is none.

It's all, ooh, shiny trains. But honestly, who doesn't love a train?

And there'll be some of you thinking, oh, how very Auckland. Come on, you know and I know that when you go to New York or London or Paris or Hong Kong or Singapore, even Australia, it's so exciting to be able to jump onto a commuter line that works, that takes you where you want to go cheaply, expeditiously. It's fantastic.

We have our Oyster cards and we've worked out the lines, and we think we're so sophisticated as we jump on and off the trains.

The subways, metros or tubes might be old and dirty or smelly, but you can spot a Kiwi, because they're so excited to be on there. There's none of this block yourself off and go into your own mind if you're a resident of the aforementioned cities.

You just block yourself out and think this will be over soon, this too will end. We're bouncing around and hanging off the straps, just thrilled to bits to be there. And now we've got one of our own.

I would definitely be using a train if the new harbour crossing is built with the capacity to run trains, although I will probably be dead by the time a new harbour crossing is built. My ancestors will rejoice.

And the rejoicing yesterday, the Sky Tower was lit up with the CRL map, people of all ages set their alarms to stupid o'clock to catch the first train. People from around the country came to Auckland to ride the first train.

I'd probably draw the line at saying, 'Tunnel, tunnel, tunnel' - a group chant as you go through the first tunnel, but then I'm not a rail fan or a trainspotter or a ferroequinologist or an anorak or a gunzel or a foamer or a densha otaku, which is all names from different cultures for those who love trains.

But the fact that there are so many names in so many different languages and so many different cultures for people who love trains shows what a fan base they have.

But beyond this special group of people getting their kicks, there's hope that there will be a significant return on investment with the building of the CRL. Aucklanders lose millions of hours each year stuck in traffic and removing even a small percentage of vehicles makes travel times faster, more reliable for everyone else and that improves productivity.

It is hoped that the flow on effects will go right down the country, it won't just be a fun thing to ride - or to go on the new ale trail, or the ale rail trail, whichever you want to call it. Some friends of mine said they were going to go on the new rail link over the weekend and stop off for a glass of wine at different stations, or water after the first two.

But there is an actual ale trail on the rail. Five breweries, independent breweries have signed up for it, so you can Google that and find it.

Businesses like our lovely lady with the flowers in Victoria Street will be praying that the disruption and the loss of business and the hanging on by a thread will all be worth it now that the CRL is finally up and running.

So I would love to hear from those of you who have ridden the train, who have jumped on board, test driven it yesterday or have taken the chance to come into work today on the train. Does it make much difference? Is it going to be part of your regular commute? 

LISTEN ABOVE

I hope you'll be phoning in to tell me all about the CRL - because it's trains, planes and automobiles today with the official launch of the long awaited CRL yesterday.
This morning it was the hard launch as commuters test the reliability, convenience and time saving potential of the railway line.
Tough day to be a bus. Nobody cares, you big stinky diesel thing, even though I know a few of you have turned electric.
There the buses are heroically supporting the commuter network, around 70 million passenger trips per year. Where's the gratitude? There is none.
It's all, ooh, shiny trains. But honestly, who doesn't love a train?
And there'll be some of you thinking, oh, how very Auckland. Come on, you know and I know that when you go to New York or London or Paris or Hong Kong or Singapore, even Australia, it's so exciting to be able to jump onto a commuter line that works, that takes you where you want to go cheaply, expeditiously. It's fantastic.
We have our Oyster cards and we've worked out the lines, and we think we're so sophisticated as we jump on and off the trains.
The subways, metros or tubes might be old and dirty or smelly, but you can spot a Kiwi, because they're so excited to be on there. There's none of this block yourself off and go into your own mind if you're a resident of the aforementioned cities.
You just block yourself out and think this will be over soon, this too will end. We're bouncing around and hanging off the straps, just thrilled to bits to be there. And now we've got one of our own.
I would definitely be using a train if the new harbour crossing is built with the capacity to run trains, although I will probably be dead by the time a new harbour crossing is built. My ancestors will rejoice.
And the rejoicing yesterday, the Sky Tower was lit up with the CRL map, people of all ages set their alarms to stupid o'clock to catch the first train. People from around the country came to Auckland to ride the first train.
I'd probably draw the line at saying, 'Tunnel, tunnel, tunnel' - a group chant as you go through the first tunnel, but then I'm not a rail fan or a trainspotter or a ferroequinologist or an anorak or a gunzel or a foamer or a densha otaku, which is all names from different cultures for those who love trains.
But the fact that there are so many names in so many different languages and so many different cultures for people who love trains shows what a fan base they have.
But beyond this special group of people getting their kicks, there's hope that there will be a significant return on investment with the building of the CRL. Aucklanders lose millions of hours each year stuck in traffic and removing even a small percentage of vehicles makes travel times faster, more reliable for everyone else and that improves productivity.
It is hoped that the flow on effects will go right down the country, it won't just be a fun thing to ride - or to go on the new ale trail, or the ale rail trail, whichever you want to call it. Some friends of mine said they were going to go on the new rail link over the weekend and stop off for a glass of wine at different stations, or water after the first two.
But there is an actual ale trail on the rail. Five breweries, independent breweries have signed up for it, so you can Google that and find it.
Businesses like our lovely lady with the flowers in Victoria Street will be praying that the disruption and the loss of business and the hanging on by a thread will all be worth it now that the CRL is finally up and running.
So I would love to hear from those of you who have ridden the train, who have jumped on board, test driven it yesterday or have taken the chance to come into work today on the train. Does it make much difference? Is it going to be part of your regular commute?&nbsp;
LISTEN ABOVE

Kerre Woodham: Will the new CRL really boost productivity?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f87fda1a-b562-48de-a96a-b4c5000b6967/transcript

With just 57 days to go till election day, which is not long at all, most parties are starting to come out with policies. Even Labour. Capital gains tax and free GP visits seems like an age ago, but at least they came out with something. Te Pāti Māori, major constitutional reform by entrenching Te Tiriti into lawmaking, so they've sort of rustled up a couple of election promises. ACT and New Zealand First are giving their party faithful more of the same. ACT are dishing up getting rid of the Treaty, New Zealand First are doling out sanctions against migrants – so far, so appealing to those who are already there. With National, there's nothing to see here, more of the same, stick with us, we'll come right. Look, the economy's improving already, while firing shots across Labour's bow with misleading attack ads around tax. 

A feeling I'm picking up, and I'm sure you have too, is that people are getting sick and tired of politics and politicians, which is not great with 57 days to go until we make a really important decision about the direction of our country. There seems to be a pox on all their houses sentiment. As a texter put it, they're going to rule out the parties they simply cannot vote for and put a tick next to the party that remains. It's not really a positive vote, it's more a "the others are worse, so I suppose I'll just have to vote for you". So 57 days to go, less than two months. What issues matter most to you? Have you firmed up your vote? Have you danced around the minor parties and thought, oh well, maybe, maybe. The two main parties haven't really delivered much over the past few years, past few elections. Have a little flirt with the minor parties, no, and then you decide no, I'm not going to. No, they look new and shiny, but really, it's all insubstantial. I'll go back to the main parties. 

Are there issues that are important to you that you feel one party over another is going to deliver on? Are you going to be voting for yourself or for New Zealand? Do you have the luxury of being able to look at a vote for the wider community or are you just hanging in there by the skin of your teeth and voting for yourself? Are any of you so fed up that you simply won't vote? And I suppose more to the point, if you want to vote, have you made sure you're on the roll because you won't be able to do it on the day?  

There's a lot of you that will swing left to right and right to left – have you reached a level of dissatisfaction with both the major parties that you're ready to join forces with one of the smaller ones? There'll be a flurry, I imagine, of policies coming out, but 57 days to go is leaving it a bit late for Labour. Chris Hipkins said at a public meeting, the first one that he's done for the entire election campaign, and it was only a few days ago, he said, I'm just getting warmed up. Just starting. Has he left his run too late? Or are you still waiting to hear something that might energise you, that might make you think yes, I feel really positive about putting this tick next to this party, I feel certain that they have the answers, that their way of improving New Zealand is the right way. 

With just 57 days to go till election day, which is not long at all, most parties are starting to come out with policies. Even Labour. Capital gains tax and free GP visits seems like an age ago, but at least they came out with something. Te Pāti Māori, major constitutional reform by entrenching Te Tiriti into lawmaking, so they've sort of rustled up a couple of election promises. ACT and New Zealand First are giving their party faithful more of the same. ACT are dishing up getting rid of the Treaty, New Zealand First are doling out sanctions against migrants – so far, so appealing to those who are already there. With National, there's nothing to see here, more of the same, stick with us, we'll come right. Look, the economy's improving already, while firing shots across Labour's bow with misleading attack ads around tax.&nbsp;
A feeling I'm picking up, and I'm sure you have too, is that people are getting sick and tired of politics and politicians, which is not great with 57 days to go until we make a really important decision about the direction of our country. There seems to be a pox on all their houses sentiment. As a texter put it, they're going to rule out the parties they simply cannot vote for and put a tick next to the party that remains. It's not really a positive vote, it's more a "the others are worse, so I suppose I'll just have to vote for you". So 57 days to go, less than two months. What issues matter most to you? Have you firmed up your vote? Have you danced around the minor parties and thought, oh well, maybe, maybe. The two main parties haven't really delivered much over the past few years, past few elections. Have a little flirt with the minor parties, no, and then you decide no, I'm not going to. No, they look new and shiny, but really, it's all insubstantial. I'll go back to the main parties.&nbsp;
Are there issues that are important to you that you feel one party over another is going to deliver on? Are you going to be voting for yourself or for New Zealand? Do you have the luxury of being able to look at a vote for the wider community or are you just hanging in there by the skin of your teeth and voting for yourself? Are any of you so fed up that you simply won't vote? And I suppose more to the point, if you want to vote, have you made sure you're on the roll because you won't be able to do it on the day? &nbsp;
There's a lot of you that will swing left to right and right to left – have you reached a level of dissatisfaction with both the major parties that you're ready to join forces with one of the smaller ones? There'll be a flurry, I imagine, of policies coming out, but 57 days to go is leaving it a bit late for Labour. Chris Hipkins said at a public meeting, the first one that he's done for the entire election campaign, and it was only a few days ago, he said, I'm just getting warmed up. Just starting. Has he left his run too late? Or are you still waiting to hear something that might energise you, that might make you think yes, I feel really positive about putting this tick next to this party, I feel certain that they have the answers, that their way of improving New Zealand is the right way.&nbsp;

Kerre Woodham: What are you looking for from this Election?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4126ef78-801d-4e69-b7e8-b4c20001244a/transcript

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

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