I’m sorry, NZ doesn’t have captial gains tax??? Thanks backwards as fuck.
I mean, over here in Australia we give a 50% discount, which is already bullshit in my opinion, for assets held for at least a year, and waived for primary residences under a certain value (which is also bullshit, in my opinion. You’d be getting taxed on the gain only, not sure why living there somehow makes that capital gain special), but no capital gains at all? That’s nuts.
Hey, hey, hey. This is New Zealand, we can’t just bang another hole in the desert to get more money. We have to steal generational wealth from the poors (checks notes), buckle down and work hard; that is the way to get rich!
I’m sorry, NZ doesn’t have captial gains tax??? Thanks backwards as fuck.
I mean, over here in Australia we give a 50% discount, which is already bullshit in my opinion, for assets held for at least a year, and waived for primary residences under a certain value (which is also bullshit, in my opinion. You’d be getting taxed on the gain only, not sure why living there somehow makes that capital gain special), but no capital gains at all? That’s nuts.
Hey, hey, hey. This is New Zealand, we can’t just bang another hole in the desert to get more money. We have to
steal generational wealth from the poors(checks notes), buckle down and work hard; that is the way to get rich!