Geof Nightingale: independent tax expert weighs up Labour's proposal for capital gains tax - Heather du Plessis-Allan Drive

The rate Labour settled on for its capital gains tax policy is partially below the recommendation made by the tax working group six years ago.

The proposed 28 percent rate would apply to commercial and investment properties from July 2027 - with the revenue going towards health system.

Independent tax expert Geof Nightingale weighed up whether this proposal would bring in what Labour's promising.

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