Leonie's blog
Tightening of New Zealand Tax Rules
A tightening of tax rules on rental properties seems inevitable, the question is more ‘what’ than ‘if’? I’ve run into several investors this week who feel its getting hard and are thinking of getting out. Watch for some potential pick up in what comes onto the market next year, as people adjust. The Tax Working Party reports to government this month. With a rental property sector of $200b (approx), largely made up of private landlords, housing 1/3 of New Zealanders government has a delicate balancing act to consider.
