Labour has made it clear that should they return to power in the next election, they plan to take a look at a Capital Gains Tax in some capacity. 

CGT is a tax on the profits made from the sale of a non-inventory asset such as stocks, bonds, real estate, and property. 

Brad Olsen, Principal Economist at Infometrics, joined Simon Barnett and James Daniels to break down how such a tax would actually impact Kiwis, and whether it would make a material difference to the country’s finances. 

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