News

New Government – new property rules

Tuesday 28th of November 2023

A faster timeline for the reintroduction of mortgage interest deductibility is the biggest gain for property investors, who will be able to claim 60% this tax year, 80% in 2024/25 and 100% in 2025/26.

New Zealand Property Investors Federation president Sue Harrison says this change alone means the Government is going in the right direction. “The tax was the single biggest thing th...

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