Poll: Divided Opinions on Capital Gains Tax in New Zealand Auckland Residents Oppose Capital Gains Tax

A recent NZ Herald-Kantar Poll reveals a tie in public opinion regarding Labour’s proposed capital gains tax (CGT), with 39% of respondents supporting and opposing the policy. The CGT would impose a 28% tax on gains from commercial and residential properties, excluding family homes and KiwiSaver. Opposition is notably stronger in Auckland, where 45% are against it compared to 32% in support, while other regions, particularly Wellington, show slight support. The differing perspectives are influenced by the varying impacts of the housing market crash across the country.

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