On 29 March 2018 Inland Revenue released the official's issues paper on the subject of ring fencing rental losses. These are the main proposals:
- It will apply to residential land.
- It will not apply to mixed use assets or land held on revenue account.
- It may be applied on a portfolio basis.
- To apply from the start of 2020 income tax year.
- Rules may be applied from the outset or phased in over two or three years.