[cEvin]

Key points:

* The top tax rate goes up to 39 per cent for those earning more than $150, 000

* A capital gains tax at a rate of 15 per cent

* It will not apply to the family home. The main residence on a farm will be exempt but not the land

* Personal use items like boats and electronic goods will be exempt as are collectables like jewelry or antiques

* Withdrawals and payouts from retirement savings funds like Kiwisaver are exempt

* Real estate in the Canterbury Earthquake Recovery Authority zone will be exempt for five years

* Small businesses held by over 55s and held for more than 15 years will be Tax free for the first $250,000 of capital gains

*The first $5000 earned is free from tax

* GST will come off all fresh fruit and veg