30 August, 2023
Landlords and tenants need tax relief now, not in 2026
“National’s proposal to restore interest deductibility for landlords is welcome, but it can and should be done immediately, not be phased in over three years,” says ACT Leader David Seymour.
“Under ACT’s fully costed Alternative Budget, Labour’s removal of interest deductibility for residential landlords will be reversed will be reversed immediately, taking effect in April 2024. This will ease pressure on rents and simplify the tax code.