Phased tax rules faze investors, while rents go up

Phased tax rules faze investors, while rents go up
Investors are opting out of older homes due to tax changes. (Image: Depositphotos)
Brent Melville
Tax deductibility changes are starting to bite for residential investors and those who earn a living from their rental properties.  That’s as the initial phasing out of interest deductibility on mortgage payments starts filtering into 2021-22 financial accounts. Until now, interest on mortgages for residential investment properties could be claimed as a business expense.But from Oct 2021 through to the end of the just-completed 2021-22 financial year, and for the full current 2022-23 financial year, claims will be trimmed to 75%...

More Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025
Senior Trust offeror gets a serve from FMA
Property

Senior Trust offeror gets a serve from FMA

Senior Trust has been paying returns with new investor funds and borrowings.

Maria Slade 26 Jun 2025
Du Val build-to-rent properties sold, PwC says
Property

Du Val build-to-rent properties sold, PwC says

The 171 units in May Rd and McKenzie Rd were bought in 2021 for $35m.

Maria Slade 23 Jun 2025