The current rules allow tax deduction of interest for new builds, but not existing houses. It has pushed a lot of investors into buying new build rentals, which I think is a great middle ground that increases demand for new builds while reducing demand for other houses.
The current rules allow tax deduction of interest for new builds, but not existing houses. It has pushed a lot of investors into buying new build rentals, which I think is a great middle ground that increases demand for new builds while reducing demand for other houses.
That’s actually a great idea, especially since the supply of new build properties can be increased to meet demand.
If National intend to keep the rules this way, it actually sounds like a good policy.
They don’t intend to keep it this way. Their stated policy is to reinstate full interest deductability for rental properties.
National isn’t going to keep this policy. Their intent is to raise house prices.