News
Time for perception of landlords to change
Tuesday 10th of July 2012
In this year's Budget Finance Minister Bill English announced plans to ring fence tax losses from holiday homes.
Essentially the owner of the holiday home can no longer use these losses to offset other income if the gross income from the property is less than 2 per cent of its land value.
The plan got some attention, but it doesn't impact on too many peopl...
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