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Will Labour cancel ‘tax breaks for landlords’? Here’s what it could mean for rents and house prices
What Labour would do with tax on rental properties is one of the big unanswered questions of the election.
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AI summary
A key election question is whether the Labour party will change interest deductibility rules for landlords, which the current government recently restored. This has sparked debate on the potential impacts on New Zealand's housing market.
Experts suggest house prices could slightly decrease. The Property Investors Federation warns rents would rise to cover increased tax costs, but others argue rents are driven by market demand. A possible "middle path" compromise allowing a 50% deduction is considered a likely outcome.
What is interest deductibility anyway?
What happened last time Labour was in power?
A big call on what will happen next
So what happens to house prices if Labour changes it back?
Would rents go up if Labour changes the rules?
So will they do it?
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