Deductions - Interest incurred in relation to certain land
DH 11: Denied amounts: treatment upon disposal of disallowed residential property
You could also call this:
“What happens to your taxes when you sell a residential property you can't claim as a deduction”
When you have a residential property that you cannot claim as a deduction, and you get rid of it, you need to know how it affects your taxes.
You should look at the rules that apply to denied amounts when disposing of disallowed residential property.
The rules for this are found in a part of the law that has been repealed, which means it is no longer in force, as of 1 April 2025, by section 48 of the Taxation Act.
This change was made by the Taxation Act, which is a law that deals with taxes in New Zealand.
The Taxation Act is available to read on the legislation.govt.nz website.
