13/10/2026
🏠🗳️ NZ ELECTION 2026: WHAT COULD CHANGE FOR PROPERTY INVESTORS?
A quick look at the parties’ property tax positions 👇
🔵 National: Promises no new taxes, including no new capital gains tax.
🟡 ACT: Opposes a capital gains tax and supports mortgage interest deductibility for rentals.
⚫ NZ First: Opposes capital gains, wealth and land-value taxes.
🔴 Labour: Proposes 28% capital gains tax on investment and commercial property gains arising after 1 July 2027, payable when sold. Family homes and farms exempt. Says it will keep interest deductibility.
🟢 Greens: Propose reversing the restoration of landlord interest deductibility and the shortened bright-line test. Also propose 2.5% wealth tax on net assets above $10 million, with family homes exempt.
🟤 Te Pāti Māori: Proposes a wealth tax starting at 1.5% on net assets between $2m and $5m, with higher rates for larger fortunes.
🟣 Opportunity: Proposes an annual 1.75% land-value tax on residential land, including family homes, as part of a wider tax reset.
💡 For investors, watch three things: annual cash flow, tax when selling, and the final coalition agreement.
Thinking about your next rental? Let’s check the numbers and lending options.
Property tax snapshot as at 14 October 2026. Election proposals need legislation before becoming law.
