rental property

Big Changes for Residential Property Investors

The government has announced significant changes that will impact residential property investors. The Bright Line Test will be extended to ten years, a move that was widely anticipated. In a surprise move, the government will remove interest deductibility on residential rental property mortgages. Brightline Test Extension The existing bright line test will be extended from …

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Loss Ring-fencing on Rental Properties

Loss Ring-fencing on Rental Properties The government has just introduced their long signalled changes to rental property tax into Parliament. They propose introducing loss ring-fencing on residential rental properties, just in time for Christmas! The proposed bill can be best be described as complex, but we have tried to give a flavour of the proposed …

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Declaring income from a rental property

The IRD recently reminded residential landlords that they must declare income from their rental property.  That statement was hardly surprising.What has caused some interest is that the IRD highlighted the case where part of a residential property was being rented out or where taxpayers rented their family home for a period of time. Some taxpayers believe …

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