Money Mail 160 - Rental Property Interest Changes

Published: June 1, 2023, 9 p.m.

b'From the 1st of April 2023, interest incurred on rental properties will now only be 50% tax deductible. We are going to learn about this because it\\u2019s actually quite a big deal and something you will hear a fair bit about this year. Before we do, let\\u2019s go back to basics....New Zealanders have long had an obsession with rental property investment.

Hey thanks for listening! Please take some form of action from this content, don\\u2019t just be a consumer, become a producer! Make sure you\\u2019re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let\\u2019s get on with it.

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