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NZ has no capital gains tax, low property taxes and negligible stock market. Its a great way to make money and really the only way to make money.
by zz865 5y ago
NZ has no capital gains tax, low property taxes and negligible stock market. Its a great way to make money and really the only way to make money.
- arj 5y agoDenmark also has no capital gains tax and the housing prices has also gone up like crazy over the last year. I guess the thinking must be that if it were taxed and say you bought a house for 500k and a decade later it is worth 750k and you have to move for another job to a place where a comparable house would also be 750k$, then you can't afford the "same house" any longer because you have to pay tax on the 250k gain. The funny thing is I don't think we would see this kind of increase on the house price if it where taxed, making the point pretty mood. Does anyone know of a country with tax on capital gains from selling a house and how the prices on houses are there?