Plain language law

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 tax on rental properties"

Illustration for Income Tax Act 2007

You have a rule about something called grandparented residential interest. This rule is part of the Income Tax Act 2007. It was repealed on 1 April 2025 by the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.

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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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Topics:
Money and consumer rights > Taxes
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"A rule about tax on homes owned by other companies"

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DH 8: Deduction not allowed, or

"Some costs can't be claimed as deductions."

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DH 7Grandparented residential interest (Repealed)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    • Section DH 7: repealed, on , by section 48 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).