Birdwatch Note Rating
2024-10-02 11:34:30 UTC - NOT_HELPFUL
Rated by Participant: 35C681E320A15E43E3BA8B5E6F86CFA0C95F57D9B131B223619589AEF27A96AE
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