Property Investment Information

As you may have heard, the IRD have produced a discussion document looking to change the depreciation claims allowable to residential property investors. (Note that this adverse change is for residential property investors, not commercial investors, share investors or indeed any other investors or companies.)

The aim of the changes has clearly been signalled as a move to discourage investment in residential property towards the "productive" industries. (Since when has providing people with a home not been productive?) (more...)