New Zealand 2023 Election: Policies that Impact Property Investors

Posted 15 Sep '23

New Zealand 2023 Election: Policies that Impact Property Investors

Every political party has issued a raft of policies including education, healthcare, welfare and more. To keep this page at a sensible limit we have restricted it to the main parties polling at least 5%, and have cherry-picked specific policies around tax, property and building. 

I am updating this website as I see policies get released and argued over. They may be out of date and I might not include all of the details about every policy. It is natural for the incumbent (Labour) in this case to not have a lot of new policies and instead campaign on their record. 

15 Sep Update: Now that NZ First is polling at 5% we plan update to include their policies. 

Bright Line Test

National Revert to 2 years
Act Abolish
Labour Keep at 10 years
Greens Keep at 10 years

Interest Deductibility on Residential Rental Property

National Phase the reversal to 100% deductible over 2 years
Act Immediately revert to 100% deductible
Labour Status quo (no deductibility except for social housing and new builds)
Greens Status quo (no deductibility except for social housing and new builds)

Tax bracket changes

National Adjust for inflation
Act Adjust for inflation
Labour No change
Greens Adjust for inflation

Top-tier income tax rates

National 39%
Act 33%
Labour 39%
Greens 45%

Wealth / Capital Gains Taxes

National Ruled out
Act Ruled out
Labour Ruled out
Greens 2% wealth tax (wealth over $2mil) + 1.5% trust tax

Other Tax Policies related to Property, Income, Wealth

National Foreign buyer tax
Remove commercial property depreciation
For more policies view here (National website)
Act For more policies view here (Act website)
Labour Remove commercial property depreciation
Greens Rent controls. View here (Greens Website)

Building and Development

National Building material approval streamline 
Zoning and infrastructure and more here
Reserve bank mandate changes
Act Abolish the RMA and amend the Building Act. 
Labour Remove commercial property depreciation
Greens Rent controls. View here (Greens Website)


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