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Top News In வருவாய் அமைச்சர் டேவிட் பார்க்கர் Today - Breaking & Trending Today

National appalled govt can't estimate impact of property investment tax change


Andrew Bayly says the tax take will rise at the expense of mum-and-dad investors.
The National Party is accusing the government of saying little about changes to the tax regime on investment property because they are simply a “tax grab”.
This week National’s shadow treasurer Andrew Bayly questioned Revenue Minister David Parker in Parliament about how much more tax the government would gather as a result of removing the ability of property investors to deduct their mortgage interest payments for tax purposes.
In response, Parker said neither the Reserve Bank nor Inland Revenue collected data on the number of people who deducted interest from their rental income from residential premises. But he had seen ....

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Parker's Interest Deductibility Policy A Shambles


Tuesday, 6 April 2021, 3:15 pm
After questioning in Parliament today it’s clear
Revenue Minister David Parker has no idea how his interest
deductibility policy will work, National’s Shadow
Treasurer Andrew Bayly says.
“Minister Parker was
asked some basic questions such as how many people will be
affected by his new policy and how much revenue will be
raised for this, but couldn’t answer.
“The
Minister has clearly not done his due diligence with the
policy.
“The Government dropped the new mortgage
interest deductibility rules with no warning. This is
clearly rushed policy and a result of the Government
panicking because it’s realised none of its housing ....

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