7072 (2024). Hon Kieran McAnulty to the Minister of Housing
Written Question
Published date: 02 May 2024
7072 (2024). Hon Kieran McAnulty to the Minister of Housing: What advice, if any, has he received that shows that restoring interest deductibility for rental properties will lower rents?
Hon Chris Bishop: Advice from the Inland Revenue Department, the Treasury, and the Ministry of Housing and Urban Development all agree that policy change could put downward pressure on rents in the long run.