29 Nov 2023

Landlords' group welcoming tax boost

From Morning Report, 8:16 am on 29 November 2023

A landlords' group is welcoming the estimated extra one billion dollars they will receive in tax cuts due to National and ACT's coalition agreement.

National campaigned on restoring interest deductibility - allowing landlords to pay less tax by claiming mortgage interest payments as a business expense - resulting in $2 billion worth of cuts.

The Council of Trade Union's Craig Renney says that figure is now closer to $3 billion after ACT negotiated to fast-track the policy, meaning a 60 percent deduction will start this financial year.

President of the New Zealand Property Investors' Federation Sue Harrison spoke to Corin Dann.