Strypey on Nostr: npub1z49vu…zxzcg > Auckland rents are about a third lower .... now. Thanks to a lot ...
npub1z49vujs0g3c2sdwkvaf042pzn5knjcm6ke9caqh65a6quj2rq0vqdzxzcg (npub1z49…xzcg)
> Auckland rents are about a third lower
.... now. Thanks to a lot of changed the current government made to discourage rampant property speculation. Including a tax on the profits from property sold less than 10 years after purchase, and a change to rules that used to allow property investors to declare interest on mortgages as an expense for tax purposes:
https://www.taxpolicy.ird.govt.nz/news/2021/2021-03-23-government-property-announcements
Both of which the Opposition are threatening to remove if they win the imminent election 🤦♂️
#PolicyNZ
> Auckland rents are about a third lower
.... now. Thanks to a lot of changed the current government made to discourage rampant property speculation. Including a tax on the profits from property sold less than 10 years after purchase, and a change to rules that used to allow property investors to declare interest on mortgages as an expense for tax purposes:
https://www.taxpolicy.ird.govt.nz/news/2021/2021-03-23-government-property-announcements
Both of which the Opposition are threatening to remove if they win the imminent election 🤦♂️
#PolicyNZ