{"id":2255,"date":"2020-01-11T16:36:43","date_gmt":"2020-01-11T04:36:43","guid":{"rendered":"http:\/\/demo.bdsaccountants.co.nz\/?p=2255"},"modified":"2021-03-31T21:32:55","modified_gmt":"2021-03-31T09:32:55","slug":"rental-losses-ring-fenced-from-2019-2020-tax-year","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year","title":{"rendered":"Rental losses ring-fenced from 1 April 2019"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>The new law on ring-fencing<\/strong>\u00a0rental losses is now in force, which means:<\/p>\n<ul>\n<li>In most cases ring-fenced deductions will be carried forward and can only be used against residential rental or sale of property income in future years.<\/li>\n<li>Property investors will, in most cases, no longer be able to reduce their tax liability by offsetting residential rental property deductions against their other income, such as salary or wages, or business income.<\/li>\n<\/ul>\n<p><strong>The new rules apply from the start of the 2019-2020 income year and apply to:<\/strong><\/p>\n<ul>\n<li>Mainly rental properties but can also include other residential land.<\/li>\n<li>Individuals, partnerships, trusts, look-through companies and close companies.<\/li>\n<\/ul>\n<p><strong>Own a rental property?<\/strong>\u00a0We\u2019re happy to talk you through your tax implications so you don\u2019t get caught out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The new law on ring-fencing\u00a0rental losses is now in force, which means: In most cases ring-fenced deductions will be carried forward and can only be used against residential rental or sale of property income in future years. Property investors will, in most cases, no longer be able to reduce their tax liability by offsetting &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[490,493],"tags":[],"yst_prominent_words":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rental losses ring-fenced from 1 April 2019 - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rental losses ring-fenced from 1 April 2019 - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The new law on ring-fencing\u00a0rental losses is now in force, which means: In most cases ring-fenced deductions will be carried forward and can only be used against residential rental or sale of property income in future years. Property investors will, in most cases, no longer be able to reduce their tax liability by offsetting &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year\" \/>\n<meta property=\"og:site_name\" content=\"BDS Chartered Accountants\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-11T04:36:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-31T09:32:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2020\/01\/nathan-dumlao-QbJFw5xbtME-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/\",\"name\":\"Buzarco\",\"description\":\"The Key To Unlocking Your Potential\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.bdsaccountants.co.nz\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2020\/01\/nathan-dumlao-QbJFw5xbtME-unsplash.jpg\",\"width\":1500,\"height\":1000},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year#webpage\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year\",\"name\":\"Rental losses ring-fenced from 1 April 2019 - BDS Chartered Accountants\",\"isPartOf\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year#primaryimage\"},\"datePublished\":\"2020-01-11T04:36:43+00:00\",\"dateModified\":\"2021-03-31T09:32:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#\/schema\/person\/1bd0b0b0493ee1ab43cf221086d8c1e3\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/rental-losses-ring-fenced-from-2019-2020-tax-year\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#\/schema\/person\/1bd0b0b0493ee1ab43cf221086d8c1e3\",\"name\":\"admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/2255"}],"collection":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/comments?post=2255"}],"version-history":[{"count":3,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/2255\/revisions"}],"predecessor-version":[{"id":2268,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/2255\/revisions\/2268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/media\/2256"}],"wp:attachment":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/media?parent=2255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/categories?post=2255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/tags?post=2255"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/yst_prominent_words?post=2255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}