News

NZPIF backs IRD on rental business

Thursday 11th of October 2012

The woman had five rental properties, and used the losses generated by them to claim Working for Families credits.

The Taxation Review Authority ruled that she was not able to do so because she was running her rental operation in the manner of a business.

NZPIF president Andrew King said it was landlords such as this who gave other investors a bad name.

“[They] end...

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