scoop.co.nz 23 Mar, 2021 23:00 am

Only A Vote For ACT Will Clear Tax Minefield

Only A Vote For ACT Will Clear Tax Minefield
“A vote for ACT is a vote to eradicate the bright-line test,” says ACT Leader David Seymour. “I have launched a petition today seeking support to repeal the bright-line test and reintroduce mortgage interest deductibility on residential property ...

Scoop i Parliament Only A Vote For ACT Will Clear Tax Minefield “A vote for ACT is a vote to eradicate the bright-line test,” says ACT Leader David Seymour.“I have launched a petition today seeking support to repeal the bright-line test and reintroduce mortgage interest deductibility on residential property income.“Further extending the bright-line test vindicates ACT’s opposition to this stealth capital gains tax going all the way back to 2015.“When National introduced the original two-year bright-line test I said ‘… this tax is the acorn of a capital gains tax.

The bright-line test was unnecessary but has been allowed to grow into something the then Government never claimed it would become.You either favour a capital gains tax or you eradicate the so-called bright-line test.

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