Housing tax advantage a myth – IRD

June 14, 2007

Inland Revenue says it is a myth that investments in housing have a tax advantage over other types of investment.

Revenue Minister Peter Dunne and IRD officials appeared before the finance select committee today and were quizzed about why people had the impression that there was some tax advantage in investments in rental housing.

Deputy Commissioner Robin Oliver was blunt: “The short answer there is none.” (more…)

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