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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-866/
- Published: 2023-11-11T17:30:00.000Z
- Updated: 2023-11-11T19:42:05.000Z
- Author: Good Oil Staff
- Tags: Economy, Election 2023, General, NZ Politics, Politics, #wp, #wp-post, #Import 2024-07-16 22:07

> 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.  
>  
> [Newshub](https://www.newshub.co.nz/home/politics/2023/11/christopher-luxon-stands-by-tax-relief-but-won-t-guarantee-foreign-buyers-ban.html?ref=goodoil.news)

[Read more here](https://www.newshub.co.nz/home/politics/2023/11/christopher-luxon-stands-by-tax-relief-but-won-t-guarantee-foreign-buyers-ban.html?ref=goodoil.news). Discuss it on *The BFD.*

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