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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST
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To: Maurice Winn who wrote (8441)8/20/2006 3:36:46 PM
From: Elroy Jetson  Read Replies (2) of 217734
 
So you could sell all of your investments, outside of New Zealand and Australia, and pay no tax on the gain - and the tax on the dividends would cease, since there would be no dividends.

But instead you have decided you will keep your foreign investments and pay 5% of the unrealized gain each year? That doesn't make a great deal of sense to me.

I suspect the situation is different from what you have explained, or what I understand from your explanation, otherwise you'd immediately sell and avoid all taxes.

What's the real situation?
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