But do you really know how our tax system works? READ MORE:* What would Tax Working Group's proposals mean for you? * Capital gains tax: Tax Working Group announces support for capital gains tax, cuts to income tax* Who shoulders the burden of New Zealand's tax bill? But if you buy and sell with the intention of making money from those deals, you pay tax. If you are a member of a KiwiSaver fund you don't pay tax on capital gains.

Source: Stuff June 06, 2019 17:01 UTC