05 Jun Rental ‘ring-fence’ to be retrospective – Kelvin Davidson
Although it’s not law yet, New Zealand’s ring-fence tax for rental property losses is likely to be approved and, when that happens, will apply to the current tax year. That’s right – it will be retrospective. We talk to Kelvin Davidson about its likely impact and if we can draw similarities to what Labor was proposing with Negative Gearing. A window into what might have happened.