Good afternoon Mr McMahon,

 

We have received your request dated 15 April made under the Official
Information Act and acknowledge it’s receipt as per the enclosed letter…

 

 

Yours sincerely

 

Georgie Fraser

Senior Co-ordinator, Board and Comms | Reserve Bank of New Zealand 

2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140

D. +64 4 471 3607 | T. +64 4 472 2029 | F. +64 4 471 2270  

[1]www.rbnz.govt.nz

 

 

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13 May 2015

 

Paul McMahon

Via FYI.org.nz:  [1][FOI #2609 email]

 

 

Dear Mr McMahon

 

On 15 April 2015, you made a request under the provisions of Section 12 of
the Official Information Act (the Act), asking:

Has the Deputy Governor received any advice about the form a capital gains
tax on property or housing should take in New Zealand? Does RBNZ have a
view on this? Please provide any written advice provided to the Governor
or Deputy regarding possible forms of capital gains and/or wealth taxation
in New Zealand

 

1.    Has the Deputy Governor received any advice about the form a capital
gains tax on property or housing should take in New Zealand?

 

No, Deputy Governor Grant Spencer has not received advice about the form a
capital gains tax on property or housing should take in New Zealand. Mr
Spencer received generic advice about taxation of property or housing.
Please see the response below to the third part of your request.

 

2.    Does RBNZ have a view on this?

 

The Reserve Bank’s views on this subject were canvased in the 15 April
2015 speech titled Action needed to reduce housing imbalances.  The speech
can be accessed here:
[2]http://www.rbnz.govt.nz/research_and_pub...
The endnotes for the speech include references to several publicly
available documents that may also be relevant to your request and that Mr
Spencer used when drafting his speech. 

 

3.    Please provide any written advice provided to the Governor or Deputy
regarding possible forms of capital gains and/or wealth taxation in New
Zealand

 

The Reserve Bank is providing to you an email message to Deputy Governor
Grant Spencer that he received while drafting the speech titled Action
needed to reduce housing imbalances.

 

The Reserve Bank intends to publish this response to you on its website.
[3]http://www.rbnz.govt.nz/research_and_pub...

 

Under the provisions of section 28 of the Act, you have the right to
complain to the Ombudsman of the Reserve Bank’s decisions about your
information request.

 

Yours sincerely

Angus Barclay    

External Communications Advisor | Reserve Bank of New Zealand 

2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140

T. +64 4 471 3698 | M. +64 27 337 1102

[4]www.rbnz.govt.nz

 

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4. http://www.rbnz.govt.nz/