Property

Brightline test reform ‘worse than doing nothing’: Treasury

Pattrick Smellie
Thu, 25 Mar 2021

Treasury unimpressed by govt's housing plans.
Pattrick Smellie
Thu, 25 Mar 2021
The Treasury rated the government’s bright-line test reforms to dampen house price inflation as “worse than doing nothing”.The regulatory impact statement published with the tax changes rushed through Parliament under urgency on Tuesday evening and Wednesday morning finds the policy “better than doing nothing/the status quo” on just one of eight criteria.It suggests the policy is likely to increase rents.In the same document, the Inland Revenue Department worries the exemption from the test for newly constructed ho...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector FREE
China cracks down on smuggling of NZ baby formula
Rebecca Howard | Fri, 16 Apr 2021

It's not a food safety issue, so New Zealand is likely to remain unscathed. 

Coronavirus
How we will get to full vaccination
Andy Fyers | Fri, 16 Apr 2021

New model released by health ministry picks up where DHB plan leaves off and shows plan for eight million doses to be delivered by the end of the year.

Markets
Canadian super fund behind $3b bid for Tilt Renewables
Dan Brunskill | Fri, 16 Apr 2021

Mercury NZ and its Australian partner will be given a five-day window to stump up an extra $100 million to match the offer. 

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Sponsored
Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.