2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.87

-0.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (8454)	8/20/2006 4:37:16 PM
From: Elroy Jetson	Read Replies (1) of 217752

By the way, I left off the source. equityonline.co.nz From my perspective what didn't make sense was the creation of the Capital Gains tax exemption for passive investment in the seven "grey list" nations. Supposedly the original theory was these seven nations had a tax system similar to New Zealand's. But I don't see the relevance of that. It was a goofy tax exemption in the first place for reasons I can't understand. If New Zealand were to remove or raise the Capital Gains Tax, I think it should treat all investments the same. I think Maurice may just have too much time on his hands. Saying he may seriously have to consider giving up his New Zealand citizenship to avoid paying a 5% tax on capital gains. A slight over-reaction perhaps. I think one of his few not-tax alternatives would be to join TobagoJack and Coconut in communist Hong Kong. Maybe Comrade Maurice is a communist at heart. If Maurice's foreign investment is over NZ $50,000 then the capital gains tax seems to apply regardless of whether Maurice is considered an investor or a share trader. Since both will pay the capital gains tax on passive investments outside of New Zealand. So that part doesn't make any sense either. emigratenz.org New Zealand has no tax on domestic capital gains. If, however, you buy and sell property frequently, your gains will be taxed as income. If you buy and sell stocks and shares frequently, it may be that the Inland Revenue Department (IRD) will class your activity as "trading" rather than "investing". If this is the case, you will be liable to pay tax on your trading gains as if they were income. You will also be able to offset losses and fees on your share dealings against tax and also deduct expenses such as computers, software books etc that you use for your share trading from your taxable profits. The IRD uses your intention when you buy a stock as their guide to whether you are a trader or investor. If you wish to avoid paying capital gains tax, it can be useful to write down your reasons for buying and selling any particular stock as evidence that you are an investor rather than a trader. For example, an investor might record that he bought a stock for the purpose of receiving a growing dividend income and sold it to preserve his capital. .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next