11 Mar 2024

Expert on govt bringing back landlords' tax deductibility

From First Up, 5:46 am on 11 March 2024

The government has announced that it's restoring interest deductibility for property investors. Basically it's when landlords can put the interest on their mortgages as a business expense, so the tax they pay on their investment property is less. The Labour government had introduced the interest limitation rule, but Associate Finance Minister David Seymour says it was hurting renters as well as landlords. Joining us now to explain the situation is Auckland University associate professor, and property expert, Dr Michael Rehm.