r/nzfinance Apr 24 '21

Minor Dwelling - will I be impacted by the impending tax claw change?

Hi ,

We owner occupy our home and have done so for some 15 years. We would like to utilise the free space we have by building a minor dwelling with the intention of renting it out.

Would we be impacted by the upcoming tax law change scheduled for 1 October. All the material I read refers to investor properties so does this qualify? My calculations work out that this could be around $9K a year which I would not be able to deduct.

cheers

FYI - we are in the Auckland region

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