Skip to main content
Inland Revenue

Tax Policy

PUBLISHED 12 October 2021

Commentary on Supplementary Order Paper released

A commentary to Supplementary Order Paper No 64 has been released today. The SOP was released on 28 September and contains proposals aimed at limiting the deductibility of interest incurred for residential property investments.

The SOP also contains a proposed five-year new build bright-line test, a new option for calculating fringe benefit tax and a proposal to clarify the application of the business continuity test for carrying forward losses.

The commentary provides more detailed information on the proposed amendments included in the SOP.