News

No lolly scramble for landlords

Thursday 18th of May 2023

The Government has not moved on two of its biggest taxes affecting landlords – the 10-year brightline test and the phasing out of mortgage interest tax deductibility.

Instead in a large capital allocation, the Labour Government has put aside $3.1 billion for the building of 3,000 new state houses by 30 June 2025.

Finance Minister Grant Robertson says the housing crisis is...

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