At Count On Us we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property.
Changes to NZ housing tax
The government’s changes to the housing tax regime in New Zealand will have a significant impact on rental property investors.
The amendments include:
Phasing out of mortgage interest tax deductibility on residential investment properties, with an exemption for “new builds”.
Ring-fencing: Rental deductions can now only be claimed against rental income, and landlords can no longer offset excess deductions against other income such as salary or wages.
We can advise you how these changes will affect you, and help you to manage your rental property effectively.