[IN CONFIDENCE RELEASE EXTERNAL]
26 November 2021
Do Kim
[FYI request #16942 email]
Dear Do Kim
Thank you for your request of 30 September 2021, made under the Official Information
Act 1982 (OIA). You requested:
I would like to obtain the information collected during the consultation process for
the new interest destructibility proposal.
This includes, but not limited to,
1) All feedback submitted (I don't require personal details)
2) Statistical analysis if you performed one
3) Qualitative analysis which summarises the consultation collected
4) Reports and recommendations made to the Government
5) Government's decision making process on how they came up with the new
tax policy announced 28/9 especially in relation to the consultation feedback.
On 8 October 2021, questions 4 and 5 of your request were transferred to the Minister of
Revenue under section 14(b)(ii) of the OIA.
On 26 October 2012, the time limit for deciding on questions 1, 2 and 3 of your request
was extended to 26 November 2021, due to the large quantity of information involved.
Question 1: All feedback submitted
The submissions we received on the discussion document about the new interest
destructibility proposal are released to you. The submissions we received are attached,
numbered from 0001 to 0485.
Personal information has been withheld from the submissions under section 9(2)(a) of the
OIA, to protect the privacy of natural persons.
Commercially sensitive information has been withheld from the submissions under section
9(2)(b)(ii) of the OIA, to protect people’s commercial positions.
Question 2: Statistical analysis
Statistical analysis of the new interest destructibility proposal is published on Inland
Revenue’s tax policy website in the
Regulatory Impact Statement: Limiting interest
destructibility on residential investment property. A link to the Regulatory Impact
Statement is:
Regulatory Impact Statement, or you can search for it at
https://taxpolicy.ird.govt.nz/publications.
Ref: 22OIA1336
www.ird.govt.nz
[IN CONFIDENCE RELEASE EXTERNAL]
This part of your request is therefore refused under section 18(d) of the OIA, as the
information is publicly available.
Question 3: Qualitative analysis
Qualitative analysis, summarising the consultation we received about the new interest
destructibility proposal will soon published on Inland Revenue’s tax policy website. You
will be able to read the analysis at
https://taxpolicy.ird.govt.nz/.
This part of your request is therefore refused under section 18(d) of the OIA, as the
information will soon be publicly available.
Rights of review
If you disagree with my decision on your OIA request, you can ask an Inland Revenue
review officer to review my decision. To ask for an internal review, please email the
Commissioner of Inland Revenue a
t: [email address].
Alternatively, under section 28(3) of the OIA, you have the right to ask the Ombudsman
to investigate and review my decision. You can contact the office of the Ombudsman at:
[email address].
Thank you for your request.
Yours sincerely
Chris Gillion
Policy Lead, Policy & Regulatory Stewardship
Ref: 22OIA1336
www.ird.govt.nz
