Labour has outlined a proposal for a targeted capital gains tax that would fund a new “Medicard” system, giving every New Zealander three free doctor visits a year.
The plan would see the Medicard, a form of Digital ID, issued at birth or upon gaining residency, functioning as both an identification tool within the health system and a means to track entitlements.
The tax would apply only to profits made from the sale of commercial or residential properties, excluding family homes, KiwiSaver, shares, business assets, inheritances, and personal items. Labour says the measure would “rebalance the system” by ensuring those making profits from property contribute more to public services, with all revenue channelled back into healthcare.
The card would store basic health information, identify individuals within the healthcare system, and record entitlements and usage. It would be available as both a physical card and a digital app, integrated with general practice and community health systems, with alternative options for those without digital access. According to Labour, revenue from the capital gains tax would be directed entirely into the health sector to fund the initiative.
Labour hates wealth (of ANY amount).
They love YOUR wealth in THEIR pocket
And thej will hold the key to all digital data.
Thin end of the wedge, no matter who is in power they are all hell bent on introducing digital ID, the end game being total control, you will not be able to buy or sell unless you have one. You have been a bad boy, you bought planet destroying methane producing beef, no fuel for your car this week.
100% – the west is walking its way east to social credit serfdom.
Yes and I see banks off shore already offer “voluntary” (for now at least) apps that track the carbon footprint of your spending. Anyone voting Labour or National is looking at a grim, dystopian future.
Each time I fart I’ll send the methane app to them…
So more beauracracy for social control funded by an envy tax.
Good thinking, dumb-arse. But, I’m sure there will be plenty of numpties who would support it for their freebie
The greatest impediment to growing our economy is our enormous welfare cost.
Not really, its flagrant waste and gross mismanagement of our economy by clowns like this lot, that’s the problem.
Exactly. Along with corruption and laws forcing NZ into servitude to the international banksters.
So taxing people to pay for fatties. No thanks. I will not be signing up for any digital anything. Exclude me from the system, I don’t care but I WILL NOT ACCEPT DIGITAL ID.
So Judith is doing driver’s licenses and chippy got the medical card – the WEF will be proud. 👎
Typical from politicians with the intellect of pond water. Where to start with this.
1. It’s the thin end of the wedge – once you have a CGT then it’s easy to expand the scope. Those who are relieved it is targeted because it doesn’t affect them are fooling themselves that it won’t in future
2. If you exclude the family home then the incentive is to plough as much money into that rather than other residential property. Or you simply sell your family home and move into the rental for a while and then sell – main home = no tax
3. Are farms and orchards “commercial property”? What is commercial property and what is a business asset?
4. The fall in house prices in the last 3-4 years – presume these types of losses would be excluded from offsets – so it’s a massive mismatch.
5. If you have to pay tax on the gain, then put as much value as possible of into chattels
6. If you sell one property to buy another for commercial purposes – presume you should be able to roll over the gain = no tax
7. What about indexation?
8. Free GP visits are a complete misnomer. They aren’t free. They’re paid for by a tax. It’s particularly galling when politicians say something is free. It isn’t and it never was.
10. I’ve got to 10 already and I haven’t even mentioned the distortions in prices because supply drops as people hold on to assets but demand stays the same so it’s actually the purchaser paying the tax effectively and not the seller.
11. Put the house into a company and sell the shares. Shares are exempt so no tax.
12. Leave the property for a dependent in your will as their main home. Inheritance exempt and main home exempt – no tax
13. Leave New Zealand for Australia. Lifetime exemption for capital gains made overseas and not taxed in New Zealand as not tax resident.
14. How is the base value set and by whom? What about appeals? Council rates often bear no resemblance to market value. If you have to get a valuation then the cost of doing that and opportunity to have a massively inflated value at the start is huge – and how on earth is that going to be judged by the IRD.
If you really wanted to do something on CGT – you’d be better off introducing an entirely different tax like stamp duty on all property and asset transactions with no exceptions (at a marginal rate) or putting GST up by 2.5/5%. People on low incomes already pay no effective tax with various credits etc so they’re not worse off anyway.
Aside from all this – how could anyone trust those that managed to spend their way through the “pandemic” with nothing except division and debt to show for it. None of them have any real world experience. The overall quality of political leadership in the western world has possibly never been so bad. It seems to be a choice between not so closet communists or beige appeal to all marshmallows who get pushed around. Trump might be an exception to that but has plenty of other flaws.
Ultimately – because they’ll have to have seriously complicated avoidance rules and mechanisms to collect the tax, it’ll be a field day for tax specialists (I’m not one) and will probably raise so little tax it won’t offset the costs of administering the scheme.
Well said, your reponse should be publish in Dailytelegraph as a sample of one of the best responses on this matter
Well spoken, thank you for your insights
13. If you live and work in Australia you will pay their CGT on property you own there. Properties in NZ would see you pay any CGT that applies here (if any). Most nations have CGT so if you are thinking you could say, buy property in the UK and not pay CGT, that’s not the case, either. I should warn you too, that Australia is considering changing the tax laws to close any loop holes by making you a mandatory permanent resident, after X numbers of years living there. Just one proposal.
Anonymous October 28, 2025 At 7:10 am
My responses are between the parenthesis..(…), and VERY WELL DONE with the commentary!
Typical from politicians with the intellect of pond water. Where to start with this.
1. It’s the thin end of the wedge – once you have a CGT then it’s easy to expand the scope. Those who are relieved it is targeted because it doesn’t affect them are fooling themselves that it won’t in future (this is especially true with regardto Blackrock, Blackstone, State Street, Vanguard, etc.pushing to raise the rateable values of property, so that taxes / rates can be raised in matching form, thus making homes unaffordable for those who have no mortgage, and have lived on the property for perhaps generations. THIS IS WHAT JUDITH COLLINS IS PUSHING FOR, AND…WHY IS CHIPPY STILL WALKING FREE AFTER COMMITTING GENOCIDE??)
2. If you exclude the family home then the incentive is to plough as much money into that rather than other residential property. Or you simply sell your family home and move into the rental for a while and then sell – main home = no tax (Again, the problem here is that the tax would probably be suspended, and then if you haven’t purchased another home in a given amount of time, you will be taxed on the sale of the home. This is what happens in many States in the U.S.. Even homes that have a ‘Homestead Exemption’ are not able to escape this if the home that was under ‘Homestead Exemption’ was sold and nothing else purchased within 2 years that replaced it…)
3. Are farms and orchards “commercial property”? What is commercial property and what is a business asset? (This is where a High Court determination and judgement entry would need to be made with regards to the property / commercial business status.)
4. The fall in house prices in the last 3-4 years – presume these types of losses would be excluded from offsets – so it’s a massive mismatch.(Property prices have fallen in most areas, but certainly not in Christchurch, Queenstown and areas in northern Auckland…)
5. If you have to pay tax on the gain, then put as much value as possible of into chattels (Chippy, Collins, Luxon…would make sure that the chattels would also be taxed / inclusive of property valuations. As Tony Hilder declared in his video made in 1993 ‘Millennium 2000’, there is NOTHING YOU HAVE OR EVER HOPED TO HAVE THAT THEY AREN’T PLANNING ON TAKING AWAY!) https://www.youtube.com/watch?v=JDAXtna_KIc https://rumble.com/v5bjq9v-myron-c-fagan-the-u.n.-is-the-spawn-of-the-illuminati.html https://www.youtube.com/watch?v=vtTKOtJ5ABc
6. If you sell one property to buy another for commercial purposes – presume you should be able to roll over the gain = no tax (Court Injunctions would carry over the gain to be paid based on a prior sale valuation of the sold property. This is paid at the time of going ‘unconditional’, or at the closing in other nations…)
7. What about indexation?
8. Free GP visits are a complete misnomer. They aren’t free. They’re paid for by a tax. It’s particularly galling when politicians say something is free. It isn’t and it never was.(This is why Bolshevik Talmudic Communism failed, but not before claiming over 100 million lives globally…)
10. I’ve got to 10 already and I haven’t even mentioned the distortions in prices because supply drops as people hold on to assets but demand stays the same so it’s actually the purchaser paying the tax effectively and not the seller.(Many are not selling despite being under water with equity, as house prices have dropped, and the interest rates, while down for a bit, prevents the Banksters from being left holding the unpaid mortgages. The banksters would rather lower the interest rates which causes minimal loss as opposed to unpaid mortgages which encumbers huge losses…)
11. Put the house into a company and sell the shares. Shares are exempt so no tax.(You can bet that Judith, the Minion and Chippy would endeavour to pass a law by lunchtime to close this loophole…BUT; a Family Trust with additional stipulations protects from having to sell shares in one’s primary family home. We see this in many business practices, but one would have to work from home to legally make this effective, and even then, it’s a questionable practice in part.)
12. Leave the property for a dependent in your will as their main home. Inheritance exempt and main home exempt – no tax (This is true, but if the inheritor is disabled or Autistic, the Minion has now barred them from benefits if they own a home outright. The National Party demands that the home be sold and that the benefactor live off of the proceeds of the sale of the home. Where then does an Autistic previous inheritor go to live???)
13. Leave New Zealand for Australia. Lifetime exemption for capital gains made overseas and not taxed in New Zealand as not tax resident. (True, but there are other pitfalls that are unique to Oz,ie Stamp Duty, water usages, and lack of some operating deductions.)
14. How is the base value set and by whom? (QV is only one set of valuations- one would need to hire/retain a private valuator to challenge government-contracted QV) What about appeals? Council rates often bear no resemblance to market value. (Fortunately, for now, despite rates doubling from today to the 10 year mark…) If you have to get a valuation then the cost of doing that and opportunity to have a massively inflated value at the start is huge – and how on earth is that going to be judged by the IRD. (IF the New Zealand Loyal Party can get into Parliament in 2026, the IRD won’t be a problem, based on their proposal of the 1% taxation rate.)
If you really wanted to do something on CGT – you’d be better off introducing an entirely different tax like stamp duty on all property and asset transactions with no exceptions (at a marginal rate) or putting GST up by 2.5/5%. People on low incomes already pay no effective tax with various credits etc so they’re not worse off anyway. (Stamp Tax / Stamp Duty / ‘Room w/ a View’ surcharges & taxes would NEVER come into the picture with the New Zealand Loyal Party).
Aside from all this – how could anyone trust those that managed to spend their way through the “pandemic” with nothing except division and debt to show for it. (Don’t forget to include ‘division’ among certain population groups..vaxxed and non-vaxxed, masked and un-masked.) None of them have any real world experience. The overall quality of political leadership in the western world has possibly never been so bad. (It is also very dangerous, as these idiots have nuclear launch codes…) It seems to be a choice between not so closet communists or beige appeal to all marshmallows who get pushed around. Trump might be an exception to that but has plenty of other flaws. (Trump and the U.S. are bought and paid for by Talmudic Jewish Zionists who control Trump’s political and business purse strings, and he owes them favours at the expense of the American Taxpayers for bailing him out of many bad business deals that would have ordinarily bankrupted him!)
Ultimately – because they’ll have to have seriously complicated avoidance rules and mechanisms to collect the tax, it’ll be a field day for tax specialists (I’m not one) and will probably raise so little tax it won’t offset the costs of administering the scheme.(Noteworthy is that accountants, tax specialists and lawyers gain the most from flawed taxation laws, so don’t expect too many changes until New Zealand Loyal gets into office, and then most of these problems will disappear).
If you have property in a nation, its next to impossible to claim complete non-tax residency. And guess what, you can be tax resident in more than one country, anyway!
So please take advice before making this “optimistic” assumption.
Form up a Family Trust, and place the property’s Crown Title over to an Allodial Title.
“…by Talmudic Jewish Zionists who control Trump’s political …” – this is quite true. Not only do they control Trump but also the other side … https://seemorerocks.substack.com/p/is-putin-controlled-by-the-zionists-16a
What a well thought out and well written comment. Agree with all that you have said.
Superb analysis thank you 👍👍
I do not now nor will I ever consent to any of the loony rubbish being pushed on behalf of the globalist control grid. All the politicians from all the current major parties need to be rotting in jail for crimes against humanity.
It will a balls up… we just know that.
Sounds like a fever dream on repeat.
More tax and punish punish punish is all Labour knows. Once in it wont stay at that level and WILL increase exponentially.
We need less tax and less government to make NZ more productive, its pretty simple stuff.
And the New Zealand Loyal Party brings this to the table, w/ less tax, less government, less personal encroachments, and the right to defend ourselves in the event of Operation Katipo and the FBI now here permanently and ILLEGALLY!
NZ Loyal will also remove a lot of restrictions from the farmers and allow for additives, fertilisers and growth elements to be accessed, just as they are now in Australia by Aussie Farmers.
NZ Loyal will NOT stand by and allow for a ‘Digital I.D.’ nor ‘Social Credit’ to be implemented here either!
Sounds an awful lot like the bright line test….but that already exists!
Plus labour will need to establish a new govt dept to manage distribution so the public service will need to grow again ….stop voting for these numpties!!!
So messed up. Even Australia which has CGT, is a lot fairer than this. Its just a simple cash grab so they can impose a form of medical ID dystopia. Pretty stupid too, as they were edging ahead of National. I’d say they just fucked themselves with the middle class, who own properties and actually vote for them.
Anybody still thinking left/right or national versus labour and believe there is a difference had better wakey wakey and give themselves a good shakey. Digital id medical welfare/pension entitlement tokenisatuon of your assets compliance with carbon/net zero and immunization/ poison pokes will be cemented in, failure to comply will result in loss of benefit or pension..Observing the willing blind obedient sheeple walking the rest of the population into serfdom and medical tyranny is difficult to stomach.
Exactly. Don’t vote for Labour or National….
VOTE FOR THE NEW ZEALAND LOYAL PARTY!
https://nzloyal.com/
https://nzloyal.com/policy/
Pensions are an inherent right that one has worked for all of their lives. Pensions and disability compensations are a LEGAL ENTITLEMENT. meaning YOU worked for them or paid a price in becoming disabled whilst working or serving in the NZDF.
The High Court would need to uphold this in current form of law, but…time will tell!
This is why the small print regarding Bankster Agreements when openingh a bank account needs to go!
We’re already taxed on everything as it is. Stick it up uour a*** Chpimunk
Chipmunk…that’s a good one! (LOL) ..now check this out-
‘Howdy Dooty Goes to Parliament’…can we see the resemblance????
https://www.youtube.com/watch?v=zHKOaWnYZ0U
or, how about the ‘Health Sinister’?
https://www.youtube.com/watch?v=dUWy21bPGh4&list=RDdUWy21bPGh4&start_radio=1
The end result of their actions???
https://www.youtube.com/watch?v=VKcAYMb5uk4
The three certainties in life: Death, taxes, and left wing politics of envy.
Anyone still thinking that there is a difference between labour/Nats or left/right had better wake up and smell the coffee. Digital id, net zero carbon allowance, tokenisatuon of your assets, compliance with injection mandates for pensioners welfare recipients, digital serfdom incoming from either side of the house. The governments have their bosses and we are to follow their instructions. Failure to comply will result in loss of liberty and entitlements. A communitarian society ( leave no-one behind) rules dictated by a fascist elite. The merger of corporate and state power is fascism, its what we have and it’s what kiwis want it seems to me.
This is why NZ needs to be a nation of Armed Neutrality and self-sufficient in manufacturing, agriculture and local services.
Only after a surplus would such be traded overseas via FTA’s…
NZ Loyal Party will be taking care of Kiwis and getting NZ OUT of the Zio-Globalist WEF / WHO models that do nothing but tax, murder, rob, exploit and enslave the global populations.
3 visits to the Dr for those who don’t look after themselves paid for with taxes by those who take more care of their health
Not a diplomatic statement but needs to be known
3 visits to an AI doctor. Awesome value for money…
Absolute loon buckets
Seems the Satanite Army, ie small hats, Ba,al Hats are working overtime in NZ. All Kiwis need is a 2 percent transactional tax. Thats it. Then the Civilian population sue every Pagan Pollie and Pagan Beauracrat that has enslaved them via usury and mind rape, mind control since WW1. Great Wreckoning versus Great Reset, prepare accordingly.. ps maybe 2026 sees in NZ political parties which aint under Jewdi Mind Control, ie that ain’t left, right nor center, but what we are suppose to be…………………Fill in the gap.
No and no.
With all due respect, Hipkins is simply a lying creepy corrupt globalist WEF-sponsored cretin.
Whatever Hipkins is selling I’m definitely not buying.
Hopkins hop along now……
The worst leader in NZ history horrible dangerous little man…
Does Chippie even know what a house is? He’s got no idea what a woman is!
Be careful what you wish for. You might just get it.
I can assure you.
1. Mass rentals sold before 2027. Fewer rentals on the market, creating demand.
2. Those rentals on the marker will have to increase rent to cover the huge tax bill.
3. More elderly people who had their investments stolen from them to pay out of control government debt will be on social welfare until they die.
4. When the people are poor, the economy stalls, not many people pay tax. But many people claim refunds.
Napkins has failed to run this through economic advisers.
This clown reminds me of DOCTOR EVIL….
Let us be clear about little boy Hipkins boy. I will make this as simple as I can.
1. Hipkins borrowed over $60 billion dollars when he was in power just 2 years go.
2. Hipkins threw the money away on nonsense.
3. Hipkins wants to take 28% of your invested wealth out of investment property to pay for his stupid mistakes.
What a complete shambles of a performance from little boy Hipkins.
If you are poor and out of work now. Do not blame the investors. Your landlord went without, so you could have a roof over your head. Blame Hipkins and his lot for mismanaging the economy, amd overspending.
I am quite sure people would rather be working, contributing to a society and earning a lot more money, buying what they want, living where they want rather than being on the doe and having little choice.
Whether identifying as Labour champagne socialists, or anti-Nationalist globalists, both parties remain subservient to the globalist Parasites behind the Veil who direct the BIS and are orchestrating the reinvention of economic life to become a soulless algorithm bereft of humanity.
This incipient mechanism is currently being contested by competing globalist and corporate hierarchical entities with differing agendas, which may become its eventual undoing.
The UNsustainable 2030 Agenda is already unravelling as the reptile Gates torpedoed the de-industrialisation component of climatism. He may be quite happy to have sunk a good proportion of shots into 6B of the global populace, taking the de-population agenda forward beyond his wildest dreams and obviating the necessity of over kill with the climatism charade.