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Inland Revenue

Tax Policy

PUBLISHED 14 March 2024

Amendment Paper No 20

An Amendment Paper for the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been released by the Minister of Revenue. It contains proposals to: 

  • Restore the ability to claim interest deductions for residential investment properties
  • Repeal the current ten and five-year bright-line tests and replace with a two-year bright-line test
  • Remove the ability to depreciate commercial buildings
  • Improve the tax treatment of the disposal of trading stock at below market value
  • Introduce a new gaming duty Introduce a transitional rule relating to platform economy rules

Amendment Paper No 20

Commentary to the Amendment Paper No 20

Regulatory Impact Statements relating to Amendment Paper No 20