Govt restores interest deductibility on investment properties

Govt restores interest deductibility on investment properties
Repeal of interest claims put upward pressure on rents. (Image: Getty)
Brent Melville
Reinstating the ability for landlords to deduct interest expenses on their tax returns from next month will ease pressure on rents and simplify the tax code, associate finance minister David Seymour says.Seymour announced on Sunday that the government would phase in interest deductibility on mortgage interest paid on residential investment properties. Landlords will be able to claim 80% of interest expenses from April 1, moving to 100% from April 2025.The prior government had closed the door on what it considered a "tax loophole" in 2...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Oliver Lewis 03 Jul 2025
Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025