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9 Dec 2019 4:44
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  •   Home > News > Politics

    People might be dodging the tax man, without even knowing it

    People might be dodging the tax man, without even knowing it


    Data shows there's 80-million dollars missing - which has led to tax investigators are door knocking speculators, in a quest to recover the unpaid property taxes.

    It includes those trying to dodge the bright-line law by not paying tax when a property's flipped within five years.

    But OliverShaw Tax Advisors director Mike Shaw says a lot of people are caught by the law - without even knowing it.

    He says they've come across many situations where a family have bought a second home with the intention of moving into it, but then their situation changes.

    © 2019 Newstalk ZB, NZCity


     Other Politics News
     08 Dec: The Prime Minister's confirmed Civil Defence minister Peeni Henare will head to the South Island this afternoon to assess the damage
     08 Dec: Support for improved diversity in DHB governance
     07 Dec: Tamaki MP Simon O'Connor says the turnout at today's March for Life shows that New Zealanders are waking up to the major changes around life issues
     06 Dec: Pharmac says it welcomes a joint inquiry into four deaths - which have all been linked to the anti-epileptic drug, Logem
     06 Dec: The Prime Minister's been confronted by a group of gun-owning protesters at an Auckland school
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: A think-tank says New Zealanders should be able to have their say on a move which will raise the cost of lending
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