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What you need to know about Labour's capital gains tax

28 Oct 2025

Tax expert Terry Baucher joins Emile Donovan. Audio

Tuesday 28 October 2025

8:10 What you need to know about Labour's capital gains tax

The political hot potato of capital gains tax is back on the agenda, with the announcement today that Labour would introduce such a tax should they win the next election.

The policy would apply a 28 percent tax on the profits from selling properties other than the family home and farms from July 2027.

The expected $700m a year across the next four years the tax would gain would be "ring-fenced" for health spending.

Terry Baucher is the director of his own tax consultancy firm Baucher Consulting Ltd and has over 40 years' experience in New Zealand and the UK working as a tax specialist.

He joins Emile Donovan in the Auckland studio.

In 2024, councils dealt out the biggest rates rises to homeowners since 1990. (file image)

Photo: RNZ / Nate McKinnon

8:20 How much is your flatmate’s love life costing you?

If you’ve ever lived in a flat with other people, you’ve probably encountered this situation, or maybe you’ve even been the culprit yourself.

One of your flatmates starts seeing someone new. They’re hanging out all the time, things get serious, and suddenly that new partner is basically part of the household - three or four nights a week.

Economist Ed McKnight has crunched the numbers and built a calculator that can tell you exactly how much your flatmate’s love life is costing you.

Ed McKnight is a smartly dressed man with glasses sitting with his legs apart on a stool.

Ed McKnight, who has himself felt like the "victim" of flatmates' freeloading friends, created the Flat-Guest Cost-o-meter mostly as a conversation-starter. Photo: Supplied / Ed McKnight

8:30 European correspondent Christian Smith

Christian Smith joins Emile Donovan to discuss news making headlines in Europe.

Tonight - the Dutch election on Wednesday - will the far-right party led by Geert Wilders get back into power? Is Belgium becoming a narco state and the latest on the Irish presidential election.

DEN HAAG - Geert Wilders (PVV) is leaving after the weekly coalition talks in the Lower House. Wilders has dropped the cabinet over asylum demands. ANP LAURENS VAN PUTTEN netherlands out - belgium out (Photo by ANP MAG / ANP via AFP)

Photo: AFP / ANP

 

8:45 Shower Thoughts : How do you write a sermon?

Shower Thoughts is where we find an expert to answer our curious questions about the world and how it works.

And tonight - how do you write a sermon? Is there a sermon catalogue you can rip something straight out of? Is it pure improv? What makes a good sermon and what makes a bad one?

Reuben Munn has been a pastor for twenty years, and is now Senior Pastor at Shore Community Church in Auckland

He also teaches 'Introduction to Preaching' at Laidlaw Theological College.

Reuben joins Emile Donovan. 

Reuben Munn is Senior Pastor at Shore Community Church in Auckland

Reuben Munn is Senior Pastor at Shore Community Church in Auckland Photo: Reuben Munn

9:05 Nights Quiz

Do you know your stuff? Come on the air and be grilled by Emile Donovan as he dons his quiz master hat.

If you get an answer right, you move on to the next question. If you get it wrong, your time in the chair is up, and the next caller will be put through. The person with the most correct answers at the end of the run goes in the draw for a weekly prize.

9:25 What can New Zealand learn from the Irish arts benefit?

A basic income for artists has just been introduced in Ireland.

It follows a three-year trial, where two-thousand randomly selected artists received an unconditional payment of three-hundred-and-twenty-five pounds a week.

Could a scheme like this work in New Zealand?

Jenny Dagg is a sociologist and researcher at Maynooth University in Ireland and wrote the cost-benefit analysis for the scheme.

She joins Emile Donovan from Ireland.

Dublin, Ireland August 17, 2018: Sculpture of writer Oscar Wilde in Merrion Square. The artwork by Danny Osborne was unveiled in 1997. The art shows Wilde reclining on a large boulder.

Sculpture of writer Oscar Wilde in Merrion Square. in Dublin, Ireland. Photo: 123RF

9:45 Pacific Waves

A daily current affairs programme that delves deeper into the major stories of the week, through a Pacific lens, and shines a light on issues affecting Pacific people wherever they are in the world. Hosted by Susana Suisuiki.

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10:17 The Detail

Today on The Detail - With just twelve months until the next election, the mood of the nation is "one of disillusionment", and that's reflected in the polls.

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Prime Minister Christopher Luxon and Labour Party leader Chris Hipkins.

Prime Minister Christopher Luxon and Labour Party leader Chris Hipkins. Photo: RNZ

10:45 The Reading: The Dwarf Who Moved Episode 5

Ron Jorgensen has often been portrayed as one of the most infamous criminals in New Zealand.
In the reading today we hear about another side to this complex individual.

Sir Peter Williams QC reads from his own book 'The Dwarf Who Moved'.

11:07 Worlds of Music

Trevor Reekie hosts a weekly music programme celebrating an eclectic mix of trans global music, fusion and folk roots.