Towards the end of September the Government released draft legislative proposals that are focused on limiting the deductibility of interest that residential investment properties incur.

To keep things concise, we’ve put together all the helpful links to the information sheets currently available on the IRD’s website:

  1. Interest deductibility proposals at a glance
  2. Properties not affected by the interest deductibility proposals
  3. How the rules work for certain entities
  4. Exemptions for property development and new builds
  5. How interest deductions are affected
  6. Changes to the bright-line property rule

If you’ve got any questions about this, feel free to reach out to your accountant and book an appointment to chat through it.