Pressure continues to mount on Labour leader Jacinda Ardern to reveal what she plans for her tax policies if elected on September 23. The New Zealand Property Investors Federation yesterday called for Labour to be open on the cost of its housing policies for rental property providers and their tenants. BNZ chief economist Tony Alexander last week pointed to two Labour policies he believed would lead to higher rental prices. Mr Alexander said a capital gains tax meant rental property owners would hold on to their properties for longer. Another tax change was ring-fencing rental property losses, adding $4084 a year to the cost of providing the average property as a rental home.

Source: Otago Daily Times September 11, 2017 17:15 UTC