A left leaning look at the world with Media and Political commentator, Paul… The Other One Barlow.
Tax deductibility is a really complicated issue - on one hand we do need a stock of rental properties, the last few years have been an anomaly from a tax perspective and IRD felt it wasn’t the right move at the time.
On the other hand, the current system has helped more first home buyers than ever get into property, not had a major impact on property investment numbers and created a much more even playing field between investors and home owners.
But the government changes are expensive - and the focus on these changes over core infrastructure and looking after our young people doesn’t sit well with many people. And it causes more inequities with our already highly flawed tax system...
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