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

Labour’s tax plan by the numbers
Policy

Labour’s tax plan by the numbers

Labour has chosen a small target CGT and a popular health target.

Pattrick Smellie 28 Oct 2025
Labour's CGT: 'the moderates have won'
Economy

Labour's CGT: 'the moderates have won'

A 'first step' policy that may not raise much revenue.

Pattrick Smellie 28 Oct 2025
Online gambling receipts balloon amid efforts to regulate sector
Policy

Online gambling receipts balloon amid efforts to regulate sector

Offshore online gambling providers filed $290.3m of GST receipts in six months to July.

Gregor Thompson 28 Oct 2025
How Pharmac's set-up risks higher health costs
Economy

How Pharmac's set-up risks higher health costs

Pharmac's fixed budget discourages use of cost-saving medicines common elsewhere.

Pattrick Smellie 23 Oct 2025