Barry Soper: ZB senior political correspondent on Luxon avoiding paying a bright-line tax on his Wellington apartment
Heather du Plessis-Allan Drive · Newstalk ZB
October 1, 20244m 51s
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Show Notes
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.
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Topics
politicspropertyPrime Minister Chris Luxon