Stephen Knight

So after this new policy comes in, we'll see if the Liberal Party comes out

and tries to argue against this or say that they'll repeal it.

The other thing with this policy is that I don't think it will mean that people move away from property and decide to invest more in shares or decide to invest more in growing a business because all assets are taxed the same way under this proposal.

This isn't an anti-property policy.

It is more a revenue generating policy for the Australian government.

And over the last 15 minutes, you've learned how Australia just doubled its capital gains tax and what it means for Kiwi investors.

The fishhooks that mean you could pay this extra tax, even if you're a Kiwi, and whether this could spread to New Zealand.

Right, let's wrap it up there.

But please don't forget to rate, review and subscribe to the podcast.

Really does help us get the message out to more people.

Thanks for listening to the Property Academy podcast.

I'm your host, Stephen Knight.

We're going to be back here tomorrow with even more daily strategies, tactics and insights to help you get the most out of the New Zealand property market.

Until next time.

Hello and welcome along to the Property Academy podcast.

I'm your host, Stephen Knight.

And I'm Andrew Nicholl.

And this is the show that helps Kiwis go from zero to five investment properties so you can be financially free and stick around for the next 15 minutes because you're going to learn should New Zealand have a capital gains tax, the three strongest arguments for a CGT in New Zealand, and the three strongest arguments against one.

So welcome along to the debate.

We are heading towards the election on the 7th of November.