28% capital gains tax on investment property
What it actually does
A 28% tax on profits from selling residential investment and commercial property, applying only to gains made after 1 July 2027 and only when sold. The family home, farms, KiwiSaver, shares, business assets and inheritances are excluded, and revenue is ring-fenced for health.
Source: Te Ao Māori News · 2025-10
The Trump take
“A tax on real estate profits? I've made a lot of real estate profits, tremendous profits, and nobody should touch them. Sad!”parody
Why it scored this way
Taxes
A brand-new capital gains tax
-2
Hates it
Deals & property
Targets property investors and landlords
-1
Dislikes it
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