ZB

Deloitte tax partner: We could be seeing the beginning of a tax system rejig

Author
Newstalk ZB,
Publish Date
Fri, 6 Aug 2021, 8:11am
(Photo / Getty)
(Photo / Getty)

Deloitte tax partner: We could be seeing the beginning of a tax system rejig

Author
Newstalk ZB,
Publish Date
Fri, 6 Aug 2021, 8:11am

An opportunity has arisen to right a so called unfairness for people in our middle income tax brackets.

The ability for property investors to claim loan interest costs as an expense against rental income is being phased out.

Budget documents show the full removal of that would have given the government another $800 million or more in tax.

Deloitte tax partner, Robyn Walker, told Kate Hawkesby this could be the beginning of a tax system rejig.

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