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23 Aug 2019 7:43
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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
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     22 Aug: The Northland Regional Council could be facing a 820-thousand-dollar hole in its pocket
     22 Aug: New Zealand parliamentary Speaker cradles and feeds MP's baby during debate
     22 Aug: Wellington Regional Council says the cost of inaction is too high when it comes to climate change
     21 Aug: The Government is taking steps to close the gender pay gap following the Statistics New Zealand figures released today
     21 Aug: Wellington regional councillors are ready to prove their climate emergency declaration isn't just a statement
     21 Aug: John Tamihere is promising to scrap Auckland's regional fuel tax if he's elected the city's mayor
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