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.

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