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Simon Bridges
A $1m apartment in Oriental Bay pays no CGT. But a $1m lifestyle block in Ohariu covered in gorse does. As does a $450,000 block in Northland for that matter.
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talanoatime 24 Feb 19
Replying to @simonjbridges
.... If there is capital gain.. Words matter
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Aaron Campbell 24 Feb 19
what if I buy and sell that $1m apartment in 18months, did have a bright line test on that? (but not after 26 months)
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Nathan Addis 24 Feb 19
Replying to @simonjbridges
The ironic questions here are A) Does National genuinely support CGT? or B) Does National support CGT in the hope it will drop Labour in the polls? Or C) National doesn’t need to implement it if Labour does?
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fmacskasy 24 Feb 19
Replying to @simonjbridges
"But a $1m lifestyle block in Ohariu covered in gorse does". Only if sold for a profit, Mr Bridges. No profit, no tax.Your john key-like flexibility with the truth does you no credit.
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Muzzagain 24 Feb 19
As the saying goes . . . never let the truth get in the way of a good story.
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shocka 24 Feb 19
Replying to @simonjbridges
One would have to HATE freemen and women working the land to be self sufficient and productive farming food to pass such a ideologically policy. What next fart tax and carbon trading BS.
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Joshua Grigg 24 Feb 19
Replying to @simonjbridges
What about a 400k house in Taihape, or a 1.2M house in Wanaka, or a 700k house with a large vegetable garden in Akaroa. Or a 895k lifestyle block in Tarras covered 33% in gorse, 33% in manuka and 33% in daffodils. Asking for a friend.
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Bradley Eyes 26 Feb 19
That's a good percentage worth of daffodils
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~ 24 Feb 19
Replying to @simonjbridges
Not if you don’t sell, or you immediately reinvest in the same asset class. Do sit down and have a cup of tea.
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Brooks Racing 24 Feb 19
Replying to @simonjbridges
for Prime Minister!! He wants no capital gains tax at all 👌🍾
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