-
The NZ Government has taken a gutsy approach to tackling the housing crisis - the days of highly leveraged property investment are likely over
The tax reforms the government is proposing for residential investment properties should go to the heart of the housing crisis and tip the balance of power in the market away from speculators and more towards first home buyers and long term investors. This will be achieved by extending the term of the Bright Line Test for taxing capital gains on housing and by removing the tax deductibility of mortgage interest payments on residential investment properties. Extending the Bright Line Test is not a surprise, but few thought the Government would have the guts to remove mortgage interest deductibility because this won't ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Mar 22, 2021 11:10pm Mar 22, 2021 11:10pm
- 05renegade
- | Joined Apr 2011 | Status: Member | 152 Comments
- Comment #2
- Quote
- Mar 23, 2021 12:31am Mar 23, 2021 12:31am
- squawk
- Joined Oct 2013 | Status: Member | 9 Comments
- Comment #3
- Quote
- Mar 23, 2021 2:03am Mar 23, 2021 2:03am
- 05renegade
- | Joined Apr 2011 | Status: Member | 152 Comments
- Comment #4
- Quote
- Edited 5:21am Mar 23, 2021 4:20am | Edited 5:21am
- LloydOz
- | Membership Revoked | Joined Oct 2019 | 571 Comments
- Comment #5
- Quote
- Mar 23, 2021 5:55am Mar 23, 2021 5:55am
- turnip15
- Joined Sep 2006 | Status: Member | 576 Comments
every Saint has a past. Every Sinner has a Future
- Comment #6
- Quote
- Mar 23, 2021 6:45am Mar 23, 2021 6:45am
- aquavox
- | Joined Nov 2012 | Status: Member | 527 Comments
Old Dog Kiwi
- Comment #7
- Quote
- Mar 23, 2021 8:58am Mar 23, 2021 8:58am
- LloydOz
- | Membership Revoked | Joined Oct 2019 | 571 Comments
- Comment #8
- Quote
- Mar 23, 2021 7:10pm Mar 23, 2021 7:10pm
- aquavox
- | Joined Nov 2012 | Status: Member | 527 Comments
Old Dog Kiwi