The Tax Working Group (TWG) first tackled the issue in 2018, and found a clear benefit for residential property investment. READ MORE:* Property investors 'working hard, taking risks' - or are they? * Taxing capital gains not the Kiwi way, developer and investor says* Capital gains tax: Tax Working Group announces support for capital gains tax, cuts to income taxBy comparison, foreign shares were highly taxed. The Property Investors Federation hit back and commissioned its own report from consultancy Morgan Wallace. David White/stuff Andrew King, of the New Zealand Property Investors Federation, says some of the rhetoric about investors is just wrong.

Source: Stuff February 14, 2021 16:00 UTC