Labour leader Chris Hipkins recently confirmed the party won't be removing interest deductibility for landlords, despite being critical of the current Government for making changes.

Labour initially dubbed the policy as 'tax cuts for landlords' but Hipkins since claimed that the proposed capital gains tax would remove the need to make changes.

Resident Economist at Opes Partners Ed McKnight says he's feeling 'chipper' about this news.

"I just feel like that because interest deductibility was not ever a new tax in that they've put up our tax rates - it was a change to how they calculated our profits as landlords."

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Labour leader Chris Hipkins recently confirmed the party won't be removing interest deductibility for landlords, despite being critical of the current Government for making changes.
Labour initially dubbed the policy as 'tax cuts for landlords' but Hipkins since claimed that the proposed capital gains tax would remove the need to make changes.
Resident Economist at Opes Partners Ed McKnight says he's feeling 'chipper' about this news.
"I just feel like that because interest deductibility was not ever a new tax in that they've put up our tax rates - it was a change to how they calculated our profits as landlords."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Ed McKnight: Resident Economist at Opes Partners on Chris Hipkins confirming Labour won't remove interest deductibility for landlords

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