4 ms·
As another New Zealander with an investment property I thought the government closed the loss-making rental loophole s few years back. You can’t use rental loss
by sitharus 8y ago
As another New Zealander with an investment property I thought the government closed the loss-making rental loophole s few years back. You can’t use rental losses to offset personal tax so why would you rent at a loss?
- jpollock 8y agohttp://taxpolicy.ird.govt.nz/news/2018-03-29-issues-paper-loss-ring-fencing-rental-properties-released#statement http://taxpolicy.ird.govt.nz/news/2018-03-29-issues-paper-lo... Not yet, but soon. They did tighten up the rules around businesses that _never_ make a profit a while ago (I seem to remember). CONSULT YOUR ACCOUNTANT.