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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (8455)	8/20/2006 6:22:22 PM
From: Moominoid	Read Replies (1) \| Respond to of 217750

I am assuming he has millions in QCOM so that the dividend of 1.5% is a decent income... The tax will be 33% or whatever on 85% of the unrealised capital gain. Though there is a cap on how much tax can be levied each year equal to 5% of the market value of the investment at the beginning of the year. New Zealand currently does not have a CGT except on investments in non-grey list countries and maybe on capital gains of NZ mutual funds which invest in foreign assets (am not clear on that). If he goes to Aus he will pay a maximum 22.5% if he sells stock, but only then. Dividends will be taxed at a maximum of 45%. (Aussie stock dividends are taxed at a maximum of 15% in most cases due to a credit for the corporation tax the firm paid). Yes, in HK there is no CGT at all.