16 août 1989 - After 4 Working Groups Labour abandons CGT

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In 1989, the then Labour government installed a massive tax advantage for home owners to buy homes as a financial asset by removing a previous tax break for pensions while also not imposing a capital gains tax

Source: https://thespinoff.co.nz/politics/03-08-2021/here-are-all-the-levers-the-government-isnt-pulling-to-fix-our-housing-catastrophe

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