Podcasts Other The Mike Hosking Breakfast Christopher Luxon: Prime Minister on the change to the interest deductibility plan

Christopher Luxon: Prime Minister on the change to the interest deductibility plan

Published: March 11, 2024, 7:28 p.m.

The Government\u2019s interest deductibility plan is a compromise that reflects the current fiscal situation according to the Prime Minister. \xa0

Residential property investors are receiving less tax relief than National promised ACT in the coalition agreement, the interest limitation rule being phased out next financial year instead of this. \xa0

Luxon says this change is the mark of a \u201cgrown-up Government\u201d.\xa0

The change, Luxon told Mike Hosking, was a result of inheriting an economy that was frankly, not in great shape.\xa0

He said that they want to do right by New Zealand and its people each and every time, and it means there's a slight change from the policies each party went to the election with.\xa0

But he thinks they\u2019ve got to a good place.\xa0

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