Birdwatch Note Rating
2024-10-02 00:02:27 UTC - HELPFUL
Rated by Participant: 8E551B187A716C6EF040A211195008F2066551CB49929A130DB2707CB4BCAFA6
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