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Rental properties and tax losses in New Zealand.

Publication date: 06 Aug 07 | Source: TAX NOTES INTERNATIONAL

Issue: Vol 47 No 6 2007

Pages: pp.585-586

A proposal to remove a tax break on rental property investments in New Zealand ran into problems days after Finance Minister Michael Cullen first proposed the idea. Cullen raised the idea in Parliament on June 19 and argued the case again at a select committee hearing on June 20, presenting figures that showed 100,000 taxpayers taking advantage of this tax loophole.

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Author profile

Prof Adrian Sawyer
Adrian is Professor of Taxation in the Department of Accounting and Information Systems at the University of Canterbury, Christchurch NZ. - Current at 01 March 2015
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