Landlords' group welcoming tax boost - a podcast by RNZ

from 2023-11-29T08:16

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A landlords' group is welcoming the estimated extra one billion dollars they will receive in tax cuts due to National and ACT's coalition agreement.
National campaigned on restoring interest deductibility - allowing landlords to pay less tax by claiming mortgage interest payments as a business expense - resulting in $2 billion worth of cuts.
The Council of Trade Union's Craig Renney says that figure is now closer to $3 billion after ACT negotiated to fast-track the policy, meaning a 60 percent deduction will start this financial year.
President of the New Zealand Property Investors' Federation Sue Harrison spoke to Corin Dann.

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