Coalition Government Delays Interest Deductability Phase-In
The Government has announced that interest deductibility on residential investment properties will be phased back in starting from April 2024. This means that affected taxpayers will now be able to claim 80% of their interest expenses from April 2024, with the deduction set to return to 100% from April 2025.
This decision backtracks on the coalition agreement, which initially proposed 60% deductibility from April 2023.
Associate Finance Minister David Seymour stated, “Landlords have been hit hard by rising mortgage interest rates and increasing interest deductibility limitations, especially during these times of economic strain. These costs often get transferred to tenants, contributing to the soaring rental prices in New Zealand.”
In light of this policy shift, should we be wondering if the Brightline changes will be "amended"?
It is worth noting that changes to banks' servicing tests are expected, which could have a significant impact on property investment financing.
For independent financial advice tailored to your family or business, reach out to adviceHQ.
#InterestRates #MortgageRates #nzpropertyinvestor #advicehq 🏠
Poll: Are Kiwis allergic to “exuberance”? 🥝
In The Post’s opinion piece on the developments set to open across Aotearoa in 2026, John Coop suggests that, as a nation, we’re “allergic to exuberance.”
We want to know: Are we really allergic to showing our excitement?
Is it time to lean into a more optimistic view of the place we call home? As big projects take shape and new opportunities emerge, perhaps it’s worth asking whether a little more confidence (and enthusiasm!) could do us some good.
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41.9% Yes
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31.7% Maybe?
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26.4% No
Heart Attack and Heart Health
Beat the heart attack before it starts - 10,000 people die of heart disease in New Zealand each year and over 3,000 premature deaths from heart disease could be saved with better knowledge of heart disease, pending heart attack symptoms and where to go for help.
Trent Lash, heart patient and founder of the largest community-led, peer-to-peer heart support group in New Zealand, will share with you what a heart attack looks like and why high blood pressure is a major issue. He will explain how heart disease mortality rates are as high as ALL cancers combined, and what help is available in the community and the healthcare sector, for heart patients.
WHERE: Glenfield Public Library, 90 Bentley Ave, GLENFIELD
WHEN: Today, Tuesday 16th December
TIME: 10:30am
EVERYONE IS WELCOME. Come along, learn from someone with 'lived experience' of heart issues, and what to look out for. You may just save a life - yours, a family member's, or one of your friends or whanau.
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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