5% stamp duty on house sales and 33% land-banking tax
What it actually does
As part of its Kiwi Tax Plan, Te Pāti Māori proposes a 5% stamp duty on residential property sales, with first-home buyers purchasing under $1m exempt, expected to raise $2.1bn. The plan also includes land-banking and vacant house taxes set at 33%.
Source: The Spinoff · 2026-08
The Trump take
“A tax every time you sell a house? I've sold a lot of houses, beautiful houses, the best. Under this plan I'd be paying for the whole country. Not happening, folks.”parody
Why it scored this way
Taxes
A brand-new tax on every residential property sale
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Hates it
Deals & property
Targets property investors, land-bankers and owners of empty buildings
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Hates it
On the same topics
Budget 2024 income tax cuts and landlord interest deductibility
Budget 2024 delivered income tax relief averaging about $3.7 billion a year and restored the ability of residential landlords to deduct mortgage interest. The government said it funded the package partly through public service savings and cancelling some previous programmes.
Fast-track Approvals Act
Passed in December 2024 along party lines, the Act created a one-stop consenting process for listed infrastructure, housing, mining and energy projects. Final approval decisions sit with expert panels rather than standard resource consent processes.
Fast-track Approvals Act 2024
Creates a one-stop consenting regime for listed infrastructure, housing, energy and mining projects, with expert panels deciding applications and ministers holding a role in referrals. Passed its third reading on 17 December 2024 on coalition votes and received royal assent in December 2024.