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Australian Mortgage Expenses

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  • Australian Mortgage Expenses

    Will the interest deductibility changes affect my Australian Rentals? I am an NZ tax resident so lodge a return with ATO and IRD. Will I have to ‘add back’ interest expenses on my IRD return? Or does the IRD allow interest as an expense for an overseas rental? I expect not but hope so.

  • #2
    I would very much doubt the IRD will allow interest on overseas rentals, based on their approach with brightline test, which applies to both NZ & overseas property, they treat the property as if it is actually in NZ for tax purposes.
    Food.Gems.ILS

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