Yes, landlords gain from the repeal of interest deductibility rules – but it was a flawed law from the outset
- Written by Alison Pavlovich, Senior lecturer in the School of Accounting and Commercial Law, Te Herenga Waka — Victoria University of Wellington
The new coalition government has announced a suite of tax reforms, including reintroducing the ability for property investors to deduct the interest costs on their mortgages against their rental income.
Early criticism of the proposed changes has focused on its retrospective nature (it will be backdated to April 1, 2023), potential windfalls to...
