PHOTO: Christopher Luxon. Photo: Katie Scotcher / RNZ
KEY POINTS:
- National plans to introduce new taxes on foreign property buyers. $740 million on average per year from introducing a 15 per cent foreign buyer tax on purchase of houses worth over $2 million
- It would also reinstate commercial building depreciation tax, which Labour planned to use to pay for its GST-free fruit and vegetables. $525 million on average per year from ending the commercial building depreciation tax break
- The National Party is also promising to fully restore interest deductibility for rental properties, bring the brightline test back to two years from the current 10 years
Sofia Vergara drops $40 million on baseball legend Barry Bonds’ LA mega-mansion