Petition request
That the House of Representatives implement a capital gains tax on residential property in New Zealand.
Petition reason
The increase in house prices has meant housing speculation is extremely profitable. I feel this income is rarely taxed, and results in a lack of equity in the taxation system. Speculation in an unproductive investment is incentivised. I believe that a capital gains tax would allow changes to other parts of the taxation system to reduce the tax burden of those areas. Almost every other country in the OECD has a capital gains tax, and it is time we join the norm.
Signatures are now being accepted
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Closing date: 31 May 2021 11:59 PM NZST
1237 signed
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Petition progress
- Open for signatures
- Closed for signatures
- Select Committee
- Reported
- Referred to Minister
| Number of signatures: | 1237 |
|---|---|
| Date presented: | 01 Jul 2021 |
| Considered by: | Petitions |
| SC Report(s): | 10 Jun 2022 (Final) |
| Presenting member: | Hon Julie Anne Genter |
| Closing date: | 31 May 2021 |