Tax rule change 'discriminates' against mum and dad investors

Tax rule change 'discriminates' against mum and dad investors
Kiwi Property has broken ground on a build-to-rent building planned for Sylvia Park. (Artist's impression: Kiwi Property)
Brent Melville
Exempting purpose-built, high-end rental accommodation from the government’s interest limitation rules discriminates against the grassroots owners of the property rental market, the New Zealand Property Investors Federation says.Andrew King, president of the federation representing about 6,000 primarily ‘mum and dad’ property owners, said the “selective reversal” of mortgage interest deductibility tax increase is the government bowing to big business lobbying and changing the rules for large developers turned...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

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