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

Mon, 15 Aug 2022

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...

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Trade

RBA watching for tariff war

Australia likely to escape US tariffs because of trade deficit.

The Wall Street Journal 9:40am

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Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024