Larry Williams Drive

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 ABOVESee omnystudio.com/listener for privacy information.