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Economy — Election 2023 — General — NZ Politics — Politics

Face of the Day

,   and  Good Oil Staff
1 min read

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As part of the party’s controversial tax plan, National proposed reversing the foreign buyers’ ban on ‘luxury’ houses worth over $2 million to help pay for tax relief. There would be a 15 per cent tax for overseas buyers who purchase a property over that price limit.

But National’s likely coalition partner NZ First leader Winston Peters has been campaigning against foreign buyers for decades.

Back in 2018, the Labour-New Zealand First coalition banned foreign investors from buying most homes here. […]

“What we are going to do is make sure we deliver income tax relief for lower [and] middle-income New Zealanders exactly as we went to the campaign with and that’s what we are going to do,” [National leader Christopher Luxon] said.

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