The government has hit out at Labour for using misleading figures when claiming its policy of reinstating interest deductions for landlords would create a class of landlord millionaires, a claim it has repeated on and off since the election campaign.
In a press release from the weekend, Labour's Finance spokeswoman Barbara Edmonds said the policy, which allows landlords to reduce their tax bill by deducting interest costs would “give approximately 346 landlords who own at least 200 properties each around $464 million between them”. …
