Under interest deductibility rules and extension of the bright-line test, the government has released a document which defines a New Build and which properties will be exempted from the proposed new interest limitation rules and subject to a five-year bright-line test (rather than a ten-year test)

In March 2021 the government announced its intention to limit the deductibility of interest on residential investment property.
This month, the government released a detailed document to the decisions they made regarding those tax changes.