How Much Is Capital Gains Tax 2024 Nz. The tax is charged on the difference between the purchase price and the sale price which is the capital gains value. If you sell a property in any of these situations, you may need to pay income tax on your profit.
The imf has recommended a combination of a comprehensive capital gains tax, land value tax, and a reduction in corporate income tax. But when you map out different tax scenarios, taxing capital gains many not be as fair as it seems.