Deductions - Interest incurred in relation to certain land
DH 1: Interest related to certain land
You could also call this:
“Interest on some land is no longer tax deductible as of 1 April 2025.”
When you look at the law about income tax, there is a part called ‘Interest related to certain land’.
This part is part of the rules about deductions.
It has been repealed, which means it is no longer a law, as of 1 April 2025.
The law was changed by section 48 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.
You can find this information in the laws of New Zealand.
The change happened because of this new act.
