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Will Labour cancel ‘tax breaks for landlords’? Here’s what it could mean for rents and house prices
What Labour would do with tax on rental properties is one of the big unanswered questions of the election.
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AI summary
A key election issue is whether the Labour party will reverse the full interest deductibility for landlords, which was recently restored by the National-led government. Reverting the policy would increase landlords' tax obligations.
Experts are divided on the potential impact. Some predict slightly lower house prices over time and argue rents are driven by supply and demand. Others warn landlords may be forced to sell or increase rents to cover higher costs.
A potential compromise is a "middle path" allowing 50% deductibility.
What is interest deductibility anyway?
What happened last time Labour was in power?
A big call on what will happen next
So what happens to house prices if Labour changes it back?
Would rents go up if Labour changes the rules?
So will they do it?
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