The Government has rejected a capital gains tax. As a result, we will not be introducing a capital gains tax. "I genuinely believe there are inequities in our tax system that a capital gains tax in some form could have helped to resolve. Capital Gains Tax timeline: 2011: The Labour Party, led by Phil Goff, campaigned on implementing a 15% capital gains tax. 2017: In November, the Tax Working Group was set up and Finance Minister Grant Robertson ruled out any capital gains tax on a family home, or the land under it.

Source: Otago Daily Times April 17, 2019 02:03 UTC