Will the same tax apply regardless of whether an asset is held by an entity or a natural person?

Posted by 52tp on December 09, 2016

Official response from Gareth Morgan completed

if the owner is a trust or company then the tax rate is at the trust or company rate. If there’s say 5 owners then the liability is split proportionally. Any more than that and the liability per owner is calculated on the basis of their value portion times the average tax rate faced by the 5 highest tax-rated owners. Of course one day I dream of having a single tax rate (and a UBI). Then it doesn’t matter how many owners there are. But one step at a time.

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Gareth Morgan responded with completed 2016-12-12 10:43:00 +1300
Tristan Kiddie tagged this with i have the same question 2016-12-10 15:06:41 +1300
Oliver Krollmann followed this page 2016-12-09 22:44:12 +1300
Michael Warrington published this page in Ask a question about policy #1 2016-12-09 17:15:29 +1300

Will the same tax apply regardless of whether an asset is held by an entity or a natural person?