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Barry Soper: ZB senior political correspondent on Luxon avoiding paying a bright-line tax on his Wellington apartment

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Manage episode 442923787 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Prime Minister seems to have narrowly avoided a large tax bill for selling his Wellington apartment.

He paid $795,000 for it in 2020, and 1News reports it's been sold for $975,000.

When it was purchased, a five-year bright-line test applied - under which Luxon would have owed $70,000 in tax.

ZB senior political correspondent Barry Soper says Luxon seems proud to defend this apartment sale.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7808 episodes

Artwork
iconShare
 
Manage episode 442923787 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Prime Minister seems to have narrowly avoided a large tax bill for selling his Wellington apartment.

He paid $795,000 for it in 2020, and 1News reports it's been sold for $975,000.

When it was purchased, a five-year bright-line test applied - under which Luxon would have owed $70,000 in tax.

ZB senior political correspondent Barry Soper says Luxon seems proud to defend this apartment sale.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7808 episodes

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