{"id":400754,"date":"2025-11-24T06:30:15","date_gmt":"2025-11-24T06:30:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/400754\/"},"modified":"2025-11-24T06:30:15","modified_gmt":"2025-11-24T06:30:15","slug":"capital-gains-tax-poll-reveals-option-with-most-support-how-it-differs-from-labour-policy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/400754\/","title":{"rendered":"Capital gains tax poll reveals option with most support: How it differs from Labour policy"},"content":{"rendered":"

Labour says \u201cevery dollar raised\u201d from the policy, which applies from July 2027, would go to the country\u2019s struggling health system, including funding three free GP visits for all New Zealanders.<\/p>\n

Labour ran on a CGT policy<\/a> at the 2011 and 2014 elections, losing both times. Running on it again was widely seen to be a political risk.<\/p>\n

This latest Taxpayers\u2019 Union-Curia poll, released exclusively to the Herald today, shows if a policy were enacted, support for taxing real gains was highest among Labour supporters.<\/p>\n

Labour leader Chris Hipkins said the party had not considered accounting for inflation.<\/p>\n

\u201cWhat we\u2019re doing is only making it prospective; it will only apply to gains made in the future, not any gains that have already been made.\u201d<\/p>\n

Hipkins would not comment on the results of the poll directly as he had not seen the question at the time the Herald sought comment from him.<\/p>\n

\u201cDepending on how you ask the question would very much depend on the nature of the answers that you get. The National Party has been scaremongering about Labour\u2019s capital gains tax, telling outright lies about it.\u201d<\/p>\n

(Respondents were asked: Do you think any capital gains tax should levy tax on the nominal gain made by selling an asset, or levy it on the inflation-adjusted real gain?)<\/p>\n

Some 69% said a CGT should apply only to real gains<\/a>, compared to 31% who say it should also apply to nominal gains.<\/p>\n

This compares with 55% of Green voters, 55% of Act voters and 48% of New Zealand First voters who supported a CGT based on real, not nominal gains.<\/p>\n

This trend was somewhat similar between genders and age brackets. Across the regions, all groups preferred taxing real over nominal gains but the difference was the narrowest in Auckland, where 52% said real gains versus 48% wanting nominal gains taxed if a policy were enacted.<\/p>\n

Taxpayers\u2019 Union spokesman James Ross said more than half of the capital gains on housing over the past 10 years had just been inflation, largely caused by Government overspending.<\/p>\n

\u201cAfter a year of workshopping, Labour have somehow produced a new tax that even their own voters know is wildly unfair.<\/p>\n

\u201cMost people can clearly see that causing inflation, then taxing people for it, simply isn\u2019t fair.\u201d<\/p>\n

Based on a sample of 1,000 respondents, the maximum sampling error (for a result of 50%) is +\/- 3.1%, at the 95% confidence level. Results for sub-groups such as age and area will have a much higher margin of error.<\/p>\n

Julia Gabel is a Wellington-based political reporter. She joined the <\/b>Herald<\/b> in 2020 and has most recently focused on data journalism.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"Labour says \u201cevery dollar raised\u201d from the policy, which applies from July 2027, would go to the country\u2019s…\n","protected":false},"author":3,"featured_media":400755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[117237,77353,64,7553,189782,189777,79,1075,157551,3861,183169,189779,5037,2724,189781,45868,189780,29285,61537,18416,153,4154,189783,8659,41281,5174,620,189778,67,132,68,32316,1917,10198,172919],"class_list":{"0":"post-400754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-almost","9":"tag-apply","10":"tag-business","11":"tag-capital","12":"tag-currently","13":"tag-differs","14":"tag-economy","15":"tag-from","16":"tag-gains","17":"tag-how","18":"tag-increases","19":"tag-inflationadjusted","20":"tag-it","21":"tag-labour","22":"tag-labours","23":"tag-most","24":"tag-nominal","25":"tag-only","26":"tag-option","27":"tag-plan","28":"tag-policy","29":"tag-poll","30":"tag-proposing","31":"tag-real","32":"tag-reveals","33":"tag-support","34":"tag-tax","35":"tag-twothirds","36":"tag-united-states","37":"tag-unitedstates","38":"tag-us","39":"tag-want","40":"tag-with","41":"tag-would","42":"tag-zealanders"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115603270784854370","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/400754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=400754"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/400754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/400755"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=400754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=400754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=400754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}