Instead of abolishing the tax break entirely, the Govt is urged to consider allowing 50 pc deductibility.
Their new costs are dwarfed by the capital gains they're making, CoreLogic economists say.
"That's just not true."
These are the changes coming into effect on Thursday.
The Government has stuffed renters to appeal to first-home buyers, a prominent economist has claimed.
Labour will finally fulfill a 2017 election promise this Thursday, when the minimum wage increases to $20 an hour.
She also gave more information on what counts as a new-build.
He said it was either that or an exodus from the property market.
Considering all the things NZ does better than the UK, why would we copy their landlord tax policy?
In the past year, the average New Zealander effectively lost $54.59 for every hour they turned up to work if they did not own a home.
It's salt in the would for these blind-sided Kiwis and a far cry from kind and caring, says Ryan Bridge.
"It's a bit like the blind leading the blind at the moment."
Swarbrick says the point Seymour makes "proves the opposite" of what he wants it to.
Capital gains made on properties sold within ten years will be taxable.
A property investor has told Newshub they feel blindsided by the Government.
Jacinda Ardern quoted Simon Bridges who said the bright-line test is "a world away" from a capital gains tax.
The new tax rate will take effect on April 1.
"A corrupt and failing financial system robs the poor and deprives the whole world."
Trump refused during his four years in office to make his tax returns public.
Tamanini Muaiava and his wife Uputaua Muaiava would shut their company down when they were confronted about tax payments and then start a new one.
Taxpayers don't own their taxes.
"This is just an unsustainable path."
Taxpayers stumped up an extra $550 million.
Cutting taxes for the rich has no effect on employment or GDP growth - increasing them could help us fight COVID-19.
"I'm here today because I believe deeply in parliamentary accountability and transparency."
"I take this matter very seriously."
A new report found that once again, the average rates in NZ have gone up by $84.
"We must find points of connection between those who have the most to contribute and those who are in need."
MPs from across the aisle are concerned about a loophole and privacy issues with the Government's new tax law.
"We could not in good conscience support legislation that is likely to lead to worsening wealth inequality."