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New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Interest incurred in relation to certain land

DH 7: Grandparented residential interest

You could also call this:

“Old rules for claiming interest on rental homes that no longer apply”

A law called the Income Tax Act 2007 has a part about something called Grandparented residential interest. You can find this in the part of the law about Deductions. This part of the law is called DH 7, but it is no longer valid because it was repealed. It was repealed on 1 April 2025 by a new law, which you can read about by following the link to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS675464.

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DH 6: Interposed residential property percentage, or

"Old rule about tax deductions for homes that is no longer used"

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DH 8: Deduction not allowed, or

"You can't claim some expenses because this rule is no longer valid."

Part D Deductions
Interest incurred in relation to certain land

DH 7Grandparented residential interest (Repealed)

    Notes
    • Section DH 7: repealed, on , by section 48 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).