this post was submitted on 16 Nov 2025
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NZ Politics
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they're flogging a dead horse with the LVT, in my view. It's been proposed many times, by many people, and the counter argument is the same, that it screws over retirees who are asset rich, but have a limited income, and for whom living in a paid off house was part of the retirement plan.
Yes, I know it's only land value, and there are mechanisms to delay paying, but it's going to be a massive loss of equity.
Labour were smart enough to leave the family home out of it in their CGT proposal.
So how do you propose to fix it?
Labour wasn't "smart" to leave out the family home. They just knew that it isn't politically tenable for a NZ party to go against the property market. Even though they know that is exactly what we need.
I don't see the difference myself. And one solution is to make your primary residence exempt, and perhaps a lower rate for farm land.