{"id":104220,"date":"2025-10-27T23:31:08","date_gmt":"2025-10-27T23:31:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/104220\/"},"modified":"2025-10-27T23:31:08","modified_gmt":"2025-10-27T23:31:08","slug":"hipkins-fronts-media-on-labours-capital-gains-tax-policy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/104220\/","title":{"rendered":"Hipkins fronts media on Labour&#8217;s capital gains tax policy"},"content":{"rendered":"<p>Labour leader Chris Hipkins is set to front media this morning following <a href=\"https:\/\/www.1news.co.nz\/2025\/10\/28\/labour-to-campaign-on-narrow-capital-gains-tax\/\" target=\"_blank\" rel=\"nofollow noopener\">the party\u2019s announcement of a capital gains tax policy<\/a> aimed at funding free GP visits.<\/p>\n<p>Hipkins will be joined by the party&#8217;s finance spokesperson Barbara Edmonds and health spokesperson Ayesha Verrall at 10.30am, where they\u2019re expected to take questions and expand on the details of the proposal.<\/p>\n<p>If they win next year&#8217;s election, Labour has committed to introducing a set 28% capital gains tax on property, excluding key assets such as the family home, farms, KiwiSaver, shares, business assets, inheritances, and personal items.<\/p>\n<p>Labour said nine out of ten New Zealanders would be unaffected with the revenue earmarked to support three free doctor visits per year for all New Zealanders. <\/p>\n<p>The tax would take effect from July 2027 and would not apply retrospectively.<\/p>\n","protected":false},"excerpt":{"rendered":"Labour leader Chris Hipkins is set to front media this morning following the party\u2019s announcement of a capital&hellip;\n","protected":false},"author":2,"featured_media":104221,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[8028,111,43,139,69,135],"class_list":{"0":"post-104220","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-zealand","8":"tag-labour-party","9":"tag-new-zealand","10":"tag-news","11":"tag-newzealand","12":"tag-nz","13":"tag-politics"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/104220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=104220"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/104220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/104221"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=104220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=104220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=104220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}