Forum New Posts FAQ Calendar Community Member List Forum Actions Mark Forums Read Quick Links Today's Posts View Site Leaders New Posts Advanced Search. Forum Markets "Sharetrader Back Office" NZ Tax on Share Trading. Results 1 to 10 of NZ Tax on Share Trading. Thread Tools Show Printable Version Display Linear Mode Switch to Hybrid Mode Switch to Threaded Mode. NZ Tax on Share Trading Hey Folks, How do you organise your taxes come tax time? The way I've been doing it is: I'm wondering if it would be better to create a company with the companies office and claim back some other expenses like internet There are a lot of knowledgeable tax people on here who will likely set you straight.

Personally I would spend some money and see an accountant as you need to do this properly. I think it comes back to your intention when you purchased them not how long you hold them. You say you trade as a personal trader Like I say best get some professional advice , the advice to me was " it is very costly to get on the wrong side of IRD " Consequently everything is done through a company. Good luck out there.

Minerbarejet View Profile View Forum Posts.

Augusta – 33 Broadway, Newmarket, Auckland

If you wish to be a person who buys and sells shares regularly the "intent " seems to be the criteria for deciding if you pay tax or not. It would appear that you can in fact have a trading account and a holding account even in the same shares providing there is visible separation. A designated trading account will be taxed on capital gains but any losses can be applied against future capital gains so there is some advantage there if some planning goes awry.

This demarcation is not in accordance with tax policy see Minerbarejet. I would just add that repeated actions also create implied intent. Originally Posted by kiwijay.

Last edited by peat; at Joshuatree View Profile View Forum Posts.

My solution; I set up a trading account with one broker and have a share investment account with a separate broker; sorts out the intent clearly. I sleep easy and can wear two different hats and time frames and its alot of fun having that way smaller in my case trading account to take a lot more risk and hunt out the bargains;esp the microcaps.

Last edited by Joshuatree; at Beagle View Profile View Forum Posts. Originally Posted by Joshuatree.

No butts, hold no mutts, unless they're the furry variety. Jay View Profile View Forum Posts. JT I think you found this one http: Harvey Specter View Profile View Forum Posts.

Originally Posted by stoploss. There is an option of stating a value on the transfer for, should I put in a value or just leave it blank. Originally Posted by waikare. Bookmarks Bookmarks Digg del.

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You may have to register before you can post: To start viewing messages, select the forum that you want to visit from the selection below. Results 1 to 10 of 10 Thread: Posts 3, This demarcation is not in accordance with tax policy see Minerbarejet.

Depreciation (Business income tax)

Join Date Jul Location Auckland Posts 6, Originally Posted by Joshuatree there is a thread here somewhere with alot of discussion about this; i haven't found it again yet. This is as foolproof a system as any I have ever seen.

NZ Tax on Share Trading

Posts JT I think you found this one http: How long you hold is irrelevant though can be used as proof of your intention by IRD. Doesn't matter either way as the Tax man doesn't care about the value of the transfer but rather the total dividends generated along with the RWT and Imputation credit amounts per annum. One of the registries has an option to tick the transfer as a gift as well Can't remember which one which of course it could very well be.