Willis criticises Labour's proposed capital gains tax

Tuesday 28 October 2025 · 5 outlets · 9 reports · updated Tue 28 Oct 2025, 5:28pm

In this story Labour Party, Chris Hipkins, Nicola Willis

Finance Minister Nicola Willis has called Labour's proposed capital gains tax a "terrible idea" that would tax business. Labour plans to campaign on a 28% tax on commercial and residential property profits, excluding farms and family homes, to fund free GP visits.

How they headlined it

9:09am10:29am11:44am2:42pm5:28pm

1. RNZTue 28 Oct 2025, 9:09am

   Nicola Willis slams Labour's capital gains tax plan: 'It's a terrible idea' (opens in new tab)

   • Labour will oust anyone found to have leaked capital gains tax policy, Chris Hipkins says (opens in new tab) Tue 28 Oct 2025, 11:44am
   • What you need to know: Seven questions about a capital gains tax (opens in new tab) Tue 28 Oct 2025, 5:28pm
2. StuffTue 28 Oct 2025, 9:26am

   ‘A tax on business’: Nicola Willis says Labour's plan to tax capital is ‘a terrible idea’ (opens in new tab)

3. 1NewsTue 28 Oct 2025, 10:29am

   Full video: Hipkins fronts media on Labour's capital gains tax policy (opens in new tab)

   • Chris Hipkins talks capital gains tax, party leaders respond (opens in new tab) Tue 28 Oct 2025, 11:47am
   • Chris Hipkins on capital gains tax, policy leak (opens in new tab) Tue 28 Oct 2025, 11:47am
4. NZ HeraldTue 28 Oct 2025, 11:57am

   Labour’s capital gains tax: Coalition parties attack tax plan as Chris Hipkins set to reveal more (opens in new tab)

5. The Press via The PostTue 28 Oct 2025, 2:42pm

   How Labour's proposed capital gains tax would work (opens in new tab)