Neil Sands Labour will take a 28% capital gains tax to next year’s election, saying the “targeted” measure is needed to reform a tax system that rewards property speculation over economic growth. Labour rushed out the flagship policy announcement on Tuesday morning when details were leaked to media, after previously saying it would be unveiled later this year or in early 2026. Under the policy, capital gains made after 1 July 2027 on a commercial property or residential property (exclud...
