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REINZ & Tony Alexander Real Estate Survey: Holding Pattern Remains

REINZ & Tony Alexander Real Estate Survey: Wait And See For Many


Thursday, 6 May 2021, 5:12 am
This is our second survey undertaken since the government
announced changes in housing policies on March 23. Of
greatest significance in the announcement was the immediate
removal of ability to deduct interest expenses from income
for new buyers of existing property, and a phase in of the
same deduction removal over four years for current property
owners. New purchases of newly built properties will retain
the deduction along with a five-year brightline test for
application of capital gains tax, as opposed to an extension
to ten years for new buyers of existing
properties.
There has been considerable discussion ....

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