Top tips for riding out the tax change storm
The latest MBIE stats show 98% of landlords own four or fewer rentals.
That means six from seven rental properties are provided by private landlords and non-government organisations (NGOs).
GRA managing director Matthew Gilligan says the majority of landlords are hardly “rich listers”, but they are being treated like “economic terrorists” and “scapegoated” for successive governments not solving the housing supply.
“Property investors are suffering the most sustained attack by the Government, with loss ring-fencing, the Healthy Homes legislation, ridiculous tenancy rules, 60% loan-to-value ratios (LVRs), and now the new tax rule and extension of the bright-line test to 10 years,” says Gilligan.
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