Articles tagged with 'Bright-line test'
Brightline traps remain
17 March 2022 - Despite numerous submissions, only minor changes have been made to the Brightline rules by Parliament’s Finance and Expenditure Committee when reporting back on the Taxation and Remedial Matters Bill.
Tax deductibility rules could be revealed next week
24 September 2021 - Developers and landlords who have been waiting with bated breath for clarification around the tax deductibility rules on mortgage interest should get some answers next week.
Top tips for riding out the tax change storm
18 May 2021 - Property accountancy company GRA has come up with a number of suggestions for landlords affected by the Government’s new tax rules.
Concerns about new tax ‘dismissed out of hand’
14 May 2021 - The Property Investors Federation’s pleas for the Government to stop plans removing investors’ ability to claim mortgage interest payments as a tax deduction or modify how the policy is introduced have fallen on deaf ears.
Interest rate rises scary for property investors
28 April 2021 - The possibility of rising interest rates will scare investors even more than the recent changes to the bright-line test and removal of mortgage interest tax deductibility, says the latest ANZ Property Focus report.
Winners from new housing policies
21 April 2021 - The new-build residential, build-to-rent projects and commercial property sectors will probably be the big beneficiaries of the Government’s housing package – extending the bright-line test and scrapping mortgage interest deductibility.
Landlord polls: Rents will lift, sales will be low
9 April 2021 - Three recent landlord polls show the majority are going to lift rents in response to the Government’s decision to scrap mortgage interest deductibility against income.
Landlords feeling the heat – Government won’t care
6 April 2021 - A property investor survey by independent economist Tony Alexander shows people generally support the Government’s housing goals but overwhelmingly oppose the means it has chosen to achieve them.
The year for property politicking
25 March 2021 - Political pressure on the Government to “do something” about the housing market means 2021 will be remembered as the “year of property politics”, says CoreLogic senior economist Kelvin Davidson.
Advisers slam housing market reforms
24 March 2021 - Advisers have criticised the Government's radical housing market reforms, which will have a significant impact on investors.
Scrapping tax deductibility not the way to go
23 March 2021 - Limiting tax deductibility for property investors’ mortgage interest would be a better game changer than scrapping it altogether, says Westpac acting chief economist Michael Gordon.
Years before changes make any difference
23 March 2021 - The Government’s crackdown on residential property investors through an extension of the bright-line test and removal of interest deductibility will have little effect for several years, says CoreLogic head of research Nick Goodall.
Government unveils investor clampdown
23 March 2021 - The Government has announced a range of new measures to tackle the housing crisis, including an extension of the bright-line test to ten years and the removal of interest deductibility, as the clampdown on investors continues.
Interest-only lending changes loom
23 March 2021 - The Reserve Bank is "very likely" to introduce interest-only lending restrictions on investors as it aims to tackle the overheated housing market, according to CoreLogic.
Mortgage advisers against bright-line test extension
9 December 2020 - Mortgage advisers are strongly opposed to any extension of the bright-line test, as speculation mounts that the government will change the law.
Advisers against bright-line test extension
7 December 2020 - Mortgage advisers are strongly opposed to any extension of the bright-line test, as speculation mounts that the government will change the law.
Is a bright-line test extension imminent?
2 December 2020 - Speculation is mounting that the government will extend the bright-line test beyond five years, capturing a greater number of investment properties for taxation.
