Key Facts

  • National Party promises to bring back tax breaks for property investors if elected
  • Tax incentives include reintroducing depreciation deductions and ring-fencing rental losses against other income
  • Party aims to alleviate pressure on the rental market and increase the supply of rental properties
  • National also plans to streamline Resource Management Act processes to expedite housing development
  • Party believes these policies will help first-time home buyers get onto the property ladder

Article Summary

The National Party in New Zealand has vowed to bring back tax breaks for property investors if it wins the upcoming elections. The party’s plan includes reintroducing depreciation deductions and allowing rental property losses to be offset against other income. The goal is to alleviate pressure on the rental market and increase the supply of rental properties.

In addition to the tax incentives, National is also planning to streamline processes under the Resource Management Act to expedite housing development. The party believes that these policies will not only benefit property investors, but also help first-time home buyers get onto the property ladder.

National’s plan aims to address the challenges faced by the property market in New Zealand, particularly in terms of rental availability and affordability. By incentivizing property investment and reducing regulatory hurdles for development, the party hopes to create a more balanced market that benefits both investors and aspiring homeowners.

To read the full article, go to: https://www.oneroof.co.nz/news/national-vows-to-bring-back-tax-breaks-for-property-investors-44176