The Associate Finance Minister says the last Government removing landlords' interest deductibility was a tax grab.

The current Government's re-introducing it.

They'll be able to claim 80 percent of interest expenses from April, and 100 percent from next April.

David Seymour told Mike Hosking that they've restored the integrity of the tax system.

He says if you invest in any business or commercial property, you're allowed to deduct interest costs from taxable income.



LISTEN ABOVE

The Associate Finance Minister says the last Government removing landlords' interest deductibility was a tax grab.
The current Government's re-introducing it.
They'll be able to claim 80 percent of interest expenses from April, and 100 percent from next April.
David Seymour told Mike Hosking that they've restored the integrity of the tax system.
He says if you invest in any business or commercial property, you're allowed to deduct interest costs from taxable income.
 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.