Special Tax Exemptions for Investors

The government has confirmed that new builds and off-plan properties will be exempt from the upcoming tax changes for residential property investors. Therefore mortgage interest will likely continue to be deductible as a tax expense, and these properties will also be exempt from the extension of the bright-line test.
New build apartments and terrace homes also often have lower LVR requirements and potentially lower interest rates.
To read a full analysis of all these benefits CLICK HERE.
Moments to Ponsonby, Kingsland, Grafton, Mt Eden and Auckland University this freehold 48 apartment complex has a combination of studio, 1 and 2 bed apartments and a gymnasium. Overlooking Basque Park this architectural statement is due for completion in December 2015. This represents one of the best opportunities for owner occupiers or investors looking for immediate access to a new apartment with good living spaces and quality fixtures and fittings. There is the added bonus of visitor parking for your guests.