First published SEP 15, 2023 Updated 1 hour ago Election 2023 The spike in mortgage rates since 2021 means National's planned restoration of interest deductibility for landlords could cost millions more than it has budgeted, Marc Daalder reports The National Party's plan to restore interest deductibility for residential landlords could cost as much as $100 million a year more than it anticipated due to rising mortgage rates. Until recently, landlords have been able to deduct the interest they pay on their rental properties from their taxable rental income.

https://www.newsroom.co.nz/nationals-landlord-tax-break-could-cost-100m-more-a-year

#newsroom