Tax housing, says Reserve Bank
"There is an increasing presence of investors in the Auckland market and this trend is no doubt being reinforced by the expectation of high rates of return based on untaxed capital gains."
See also: Capital gains tax: the Reserve Bank draws the line
Signs of frustration from Reserve Bank officials emerged today when deputy governor Grant Spencer told a housing conference in Rotorua the government needs to take another look at how property is taxed.
Though couched in roundabout
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Rob Hosking
Wed, 15 Apr 2015
Wed, 15 Apr 2015
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Tax housing, says Reserve Bank
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