News
COMMENT: Ring-fencing rules could mean 116,000 less rentals
Tuesday 12th of February 2019
In response to an Official Information Act request, I received confirmation from Inland Revenue last week that 116,000 rental property owners declared a loss on earnings in the 2016/17 tax year.
Inland Revenue also said that the average loss declared by each owner was $7138, and that includes both individual and non-individual (trusts, partnerships and companies) taxpayers.
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