THE HAVES AND THE HAVE NOTS
Aug 29, 2019
3 minutes
MARK WITHERS
The Labour Government’s new law that ring-fences residential rental losses is an appalling example of badly crafted tax law that seeks a social engineering outcome rather than making a meaningful contribution to government revenue.
The new law is designed to make residential property investment less attractive by preventing residential investors from being able to offset legitimate tax losses against anything other than rental profits from an existing portfolio or income triggered under the land
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