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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-927/
- Published: 2024-03-11T17:30:51.000Z
- Updated: 2024-03-11T02:07:16.000Z
- Author: Good Oil Staff
- Tags: General, #wp, #wp-post, #Import 2024-06-28 02:24

> ACT party leader David Seymour is shrugging off the fact he has had to backtrack on a coalition commitment.  
>  
> [Interest deductibility for landlords is being restored from next month](https://www.stuff.co.nz/money/350207484/property-investors-regain-ability-claim-interest-costs?ref=goodoil.news)– but National’s coalition agreement with ACT promised it would be backdated.  
>  
> Landlords will be able to write off 80 percent of their mortgage interest from 1 April, and 100 percent from April 2025.  
>  
> The coalition agreement set out a backdated 60 percent deduction in the 2023-24 financial year, meaning landlords would effectively have received a tax refund.  
>  
> That is no longer the case.  
>  
> However, Seymour said a backdated 60 percent deduction “would have added more complications”.  
>  
> It was “probably not worth the amount of benefit it would have given”, he said.  
>  
> Stuff

[Read more here](https://www.stuff.co.nz/politics/350207841/david-seymour-coalition-agreement-backtrack-were-open-changing-our-mind?ref=goodoil.news). Discuss it on *The BFD.*

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