Birdwatch Note Rating
2024-10-02 20:47:39 UTC - HELPFUL
Rated by Participant: 09033A119A0039741AAFC246AA0F67C52A169BF5910A7D6AA18D2C1DF3CB70FD
Participant Details
Original Note:
The claim is Luxon “avoided” $70k in tax by timing the sale. However, the figure is significantly wrong as it is based on the gross sale price, not the taxable “income” generated. It does not account for significant and deductible costs for acquisition, holding and selling. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir800---ir899/ir833/ir833-2021.pdf?modified=20210611004839&modified=20210611004839
All Note Details