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People who sell properties (excluding investment new builds and family homes) within ten years will be required to pay tax on gains they make.
Among a range of measures to curb property speculation and support first-home buyers, the Government announced on Tuesday it intends to double the bright-line test from five to ten years.
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Read more: Bright-line test extension: Example of how much tax a property investor could pay
- Article: https://www.newshub.co.nz/home/money/2021/03/bright-line-test-extension-example-of-how-much-tax-a-property-investor-could-pay.html
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Property investors say it could be renters who end up the big losers following the announcement of the Government's new housing package.
It was announced on Tuesday that the Government is cracking down on property investors to help first-home buyers get a foot in the door by assisting with deposits and expanding the property investment tax, as well as injecting billions to boost supply.
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Read more: Renters could be worse off following Government's new housing package
- Article: https://www.newshub.co.nz/home/money/2021/03/renters-could-be-worse-off-following-government-s-new-housing-package-property-investors.html
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Read more: RFI for the disposal of the RNZAF P-3K2 Orion
- Article: https://www.gets.govt.nz//NZDF/ExternalTenderDetails.htm?id=24116666
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Lift-off of the 'They Go Up So Fast' rideshare mission 22:30 UTC on March 22 2021 from Rocket Lab Launch Complex 1.
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Read more: Rocket Lab have now launched over 100 satellites
- Article: https://www.youtube.com/watch?v=u5wmrGriVX0
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The United States, United Kingdom, Canada and European Union have all announced fresh sanctions again Chinese officials for human rights abuses in Xinjiang. It's prompted Beijing to respond in kind, blacklisting several Europeans.
Unlike the United States, the EU has sought to avoid confrontation with Beijing, but a decision to impose the first significant sanctions since an EU arms embargo in 1989 has inflamed tensions.
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Read more: European Union, China impose tit-for-tat sanctions over Uighur human rights abuses
- Article: https://www.newshub.co.nz/home/world/2021/03/xinjiang-european-union-china-impose-tit-for-tat-sanctions-over-uighur-human-rights-abuses.html
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A managed isolation worker at Auckland's Grand Millenium Hotel has tested positive for COVID-19, the Ministry of Health has confirmed.
They say the information available so far indicates the worker is asymptomatic and further investigation is being undertaken on Monday evening.
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Read more: Auckland managed isolation worker tests positive
- Article: https://www.newshub.co.nz/home/new-zealand/2021/03/coronavirus-auckland-managed-isolation-worker-tests-positive.html
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Peace activists are planning to protest on Wednesday against a launch of a United States military satellite by Rocket Lab, but by then the first satellite they are concerned about may already be in space.
Police have indicated they had been taking an interest in assessing sentiment towards the launch, visiting a concerned community member to discuss social media posts.
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Read more: Police assess community sentiment ahead of protest over Rocket Lab launch
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The Philippines' defence chief has demanded 200 Chinese vessels, which he says have militias onboard, leave a hotly-contested reef in the South China Sea claimed by both China and Manila.
The country's foreign secretary added they will "fire at will" as tensions between the two nations intensify.
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Subcategories
Politics Article Count: 331
General Politics
Defence Article Count: 1198
General Defence Articles
Science Article Count: 77
Sciencey stuff
World Article Count: 591
World News
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