Labour rules out changing landlord interest deductibility
Labour is ruling out changing interest deductibility settings for landlords, if it's elected in November. While in government, Labour stopped property investors from being able to claim interest expenses against their rental income, with exemptions for new builds and the main family home. The coalition government reversed that in a move Labour repeatedly described as a 'tax cut for landlords'. Peter Ambrose, president of the New Zealand Property Investors Federation spoke to Ingrid Hipkiss.
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