![Quote](images/misc/quote_icon.png)
Originally Posted by
Balance
Who ultimately paid the price for Labour’s policy of disallowing interest deductions for rental providers?
Answer : the renters who have seen their rents increased by over 12.3% since Labour announced the loss of interest deductibility.
Net net : renters not only lose big time but there’s a rental shortage out there due to less investment by rental providers.
And where did Robertson & co spent the increased tax take from rental providers?
Answer : Billions of dollars to fat cat consultants, more civil servants and emergency housing providers.
Unintended consequences - as usual from Labour.
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