The information comes from IRD responding to a request under the Official Information Act
https://fyi.org.nz./request/14381/re...20Jan.pdf.html
For the tax year ending 31 March 2019 approximately 290,000 taxpayers were identified as having been involved in residential rental property
https://fyi.org.nz./request/14105/re...livan.pdf.html
In the previous year 300,000 taxpayers were identified as being involved, i.e. a 10,000 YoY reduction.
It will be interesting to see 2020 data when it becomes available.
We don’t know whether the decline in tax payers being involved in rental business translates into a decline in rental property availability.
https://fyi.org.nz./request/14381/re...20Jan.pdf.html
For the tax year ending 31 March 2019 approximately 290,000 taxpayers were identified as having been involved in residential rental property
https://fyi.org.nz./request/14105/re...livan.pdf.html
In the previous year 300,000 taxpayers were identified as being involved, i.e. a 10,000 YoY reduction.
It will be interesting to see 2020 data when it becomes available.
We don’t know whether the decline in tax payers being involved in rental business translates into a decline in rental property availability.
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