Election year:
2023
Political party:
National
Associated politicians:
Policy:
Rental Issues
- Ensure that there is a halt on adding unnecessary costs by restoring interest deductibility for rental properties.
- Ensure individuals under the age of 30 are able to use KiwiSaver money to make bond payments on tenancy agreements.
- Fully restore interest deductibility for rental properties. This change will be phased in the following stages: Interest deductibility will to be kept at 50% in April 2024 (rather than reduced to 25% as planned by Labour). Interest deductibility will be increased to 75% in April 2025 (rather than fully removed as planned by Labour) 100% interest deductibility will be fully restored from April 2026.
- Remove Labour’s capital gains tax by stealth, by taking the brightline test for rental properties back to two years, from Labour’s existing 10 years by July 2024.
- Read more here