Think You’re Exempt? Here’s When the CGT Might Still Hit Your Only Home
If you own one home and live in it, Labour’s proposed capital gains tax (CGT) likely won’t apply to you — but there are exceptions that could catch some homeowners by surprise.
Under Labour’s plan, capital gains on residential and commercial property would be taxed at 28%, but the family home is exempt. However, defining what counts as a “family home” isn’t always straightforward, and in some cases, people who only own one property could still face a tax bill.
NZ Job Market Still Struggling as Unemployment Set to Rise Again
New figures due this week are expected to confirm that New Zealand’s job market remains soft, with unemployment likely creeping higher in the three months to the end of September.
Stats NZ’s quarterly Household Labour Force Survey, set for release on Wednesday, is projected by most economists to show the unemployment rate edging up to 5.3%, from 5.2% in the June quarter.
While the headline figure draws attention, experts say the real story lies deeper in the data — especially around participation, underemployment, and hours worked.
Ghostly White Iberian Lynx Stuns the Internet After Once-in-a-Lifetime Sighting in Spain
A Spanish photographer captures the first-ever white Iberian Lynx, a hauntingly beautiful animal that’s taken the internet by storm and reignited global awe for the power of nature.
Minister Leaves Door Open to Shutting Down Gloriavale After Shocking Child Abuse Allegations
A senior government minister has refused to rule out shutting down the Gloriavale Christian community after deeply disturbing allegations emerged about child punishment practices described as “horrendous.”
Social Development and Employment Minister Louise Upston said the Government is taking the matter “very, very seriously” following reports that babies and children were subjected to a suffocation-like disciplinary technique.
The revelation comes as authorities now visit the West Coast commune multiple times a week, and a new ministerial group — made up of 10 ministers — has been formed to coordinate the Government’s response. The group was established after the Royal Commission into Abuse in Care released its final report recommending that all practical measures be taken to protect Gloriavale’s residents.
How to Lower Your Cancer Risk While You’re Still Young
Cancer is rising among people in their 20s, 30s and early 40s, but experts say there are practical steps you can take now to reduce your risk. While genetics play a role, research shows that around 40% of cancers are linked to modifiable lifestyle factors — things you can control.