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# Re: Capital Gains Tax
- URL: https://goodoil.news/re-capital-gains-tax/
- Published: 2023-05-04T00:47:00.000Z
- Updated: 2023-05-04T00:48:46.000Z
- Author: General
- Tags: NZ, NZ Politics, Politics, #wp, #wp-post, #Import 2024-07-16 22:34

**Nicola Willis**  
Deputy Leader, National Party

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I wanted to give you a quick update on this concerning news from Parliament.

**Labour’s Capital Gains Tax is back on the table.**

Yesterday Labour’s Deputy Prime Minister, Carmel Sepuloni made that clear.

Christopher Luxon asked her a direct yes or no question: will there be a capital gains tax or a wealth tax under Labour?

**Her reply: “not in this term”.**

If Labour win, make no mistake, they will be ready with more taxes to hit you with. A capital gains tax could hit every KiwSaver account, every small business, every retirement nest egg and every rental property.

Need more? Well Labour actually went and raised their Ute Tax yesterday! Meaning hard-working Kiwis will end up paying even more for their cars just to subsidise $80,000 Tesla’s.

**National is the party of tax relief. Kiwis cannot afford another 3 years of Labour’s high-taxing and wasteful spending.**

[Watch the video of Carmel Sepuloni dodging the question on a Capital Gains Tax](https://www.national.org.nz/r?u=6hyvAYXBs1PELL28GD73y7sVeiC9DoRS0l8UsMJqtbTzjQHTLxq26%5FZt1Wywj4jS&e=96faa3b0983e4aa00625b4fed9d85727&utm%5Fsource=nationalparty&utm%5Fmedium=email&utm%5Fcampaign=20230504%5Fcgt%5F2&n=2)

[National’s plans are clear. ](https://www.national.org.nz/priorities?e=96faa3b0983e4aa00625b4fed9d85727&utm%5Fsource=nationalparty&utm%5Fmedium=email&utm%5Fcampaign=20230504%5Fcgt%5F2&n=3)We say no to a capital gains tax. We say no to an inheritance tax. We say no to a wealth tax. We say yes to reducing tax paid by working people, see our plan here and calculate what it means for you and your family.

If we are elected this year that’s exactly what we will deliver.

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