News
New ring-fencing rules in play
Friday 11th of October 2019
This week Inland Revenue issued a reminder that from the 2019-2020 income year, residential property deductions can no longer be offset against other income like salary.
Deductions for residential properties are now ring-fenced so they can only be used against income from that property.
Under the new “ring-fencing” rules, landlords can only claim deductions up to the...
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