3194 (2024). Rt Hon Chris Hipkins to the Minister of Revenue

Written Question

Published date: 02 Apr 2024

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	3194 (2024)
Question asked:	18 Mar 2024
Member asking:	Rt Hon Chris Hipkins
Portfolio:	Minister of Revenue
Minister replying:	Hon Simon Watts
Answer received:	26 Mar 2024
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_03194_2024
Document guid:	1c242fb6-7cb5-4d4b-b6c4-ad2a4defd0f6

3194 (2024). Rt Hon Chris Hipkins to the Minister of Revenue: What will be the total cost to the Government from allowing landlords to deduct interest costs on their mortgages against rental income over a four year period?

Hon Simon Watts: The cost to government of restoring interest deductibility is estimated to be $2,915 million in the four years to 30 June 2028.