Election 2026: Labour confirms it will allow residential property investors to continue deducting interest as an expense when paying tax

Election 2026: Labour confirms it will allow residential property investors to continue deducting interest as an expense when paying tax

Wellington Business Editor·NZ Herald·21 Sep, 2026 05:25 AM2 mins to read‌Labour leader Chris Hipkins says Labour will limit its property-related tax changes to a capital gains tax. Photo / NZMEThe Labour Party has announced it will not campaign on reintroducing a tax rule that would cost residential property investors.Leader Chris Hipkins confirmed Labour would allow residential property investors to deduct interest as an expense when paying tax, as they currently do. “There will be no change,” Hipkins said

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