Housing · Party position

Labour on Housing

Capital gains tax on investment property; social housing; community housing guarantee

Labour says it will put a 28% tax on profits from selling investment properties (not the family home) from July 2027, with all money raised going to health. It also has a SolarSaver programme to help homeowners and renters get solar panels without paying the full cost upfront. It plans to get Kāinga Ora building social housing again, provide a $950 million Crown guarantee to help community housing providers build more homes, and require retirement villages to repay residents within three months.

What they say they'll do

Introduce a 28% capital gains tax on profits from selling investment property, applying only to gains made after 1 July 2027
Ring-fence all capital gains tax revenue for healthcare
Exclude the family home, farms, KiwiSaver, shares, businesses, and inheritances from the capital gains tax
Launch the SolarSaver programme to help homeowners, renters, and communities get solar without upfront costs
Get Kāinga Ora building social housing again as part of the Start Work Now plan
Provide a $950 million Crown guarantee for the Community Housing Funding Agency from Labour's first Budget in 2027
Require retirement villages to repay residents within three months and establish an independent disputes resolution service

Who this affects

investment property owners

A 28% tax would apply to profits made from selling investment properties after 1 July 2027, but not the family home.

homeowners and renters

The SolarSaver programme would remove upfront costs for getting solar panels, with subsidies and loan schemes available within 12 months of Labour taking office.

community housing providers and tenants

A $950 million Crown guarantee would allow housing providers to borrow more cheaply, with savings directed into building more homes.

retirement village residents

Villages would be required to repay residents within three months of leaving, and an independent disputes resolution service would be set up for residents.

In their own words

“Labour will provide a $950 million Crown guarantee for the Community Housing Funding Agency (CHFA). It is similar to the guarantee provided to banks and would only be called on in the unlikely event of a default.”

“Labour will require retirement villages to repay residents within three months, so seniors and their families aren't left waiting indefinitely for money that belongs to them.”

“Nine in 10 New Zealanders won't pay it.”

Verify at Labour — official policy page

Summarised neutrally from Labour’s own official policy (as at 2026-10-21) and checked by an editor. Nothing is paraphrased without the source linked. Read the original ↗ Politika is non-partisan. Compare all parties on Housing →

In depth, from Labour’s policy document

Targeted capital gains tax on property

Labour proposes a 28 percent tax on the profit made when a commercial or residential property is sold, excluding the family home. It applies only to gains made after 1 July 2027, any increase in value before that date is not taxed, and is generally paid at the point of sale. The party says all revenue would be ring-fenced for health, funding three free GP visits a year for everyone.

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Labour on Housing

What they say they'll do

Who this affects

In their own words

Targeted capital gains tax on property

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