I understand they use a number of criteria-which include frequency of trading .
After reading about it today I decided I didnt want to inadvertently get taxed on all the nzo gains I will be making since I bought a large amount of rights about a year ago .
Hence I will not be buying or selling anymore this year .
I am not sure of the ird intentions-from todays news it doesnt sound good .
In my business I do get lots of riduculous claims from the ird-for instance today they wanted me to pay gst plus penalty tax for a gst payment I had already paid but they couldnt find-required bank statements and signed statements from me before they would believe it ,
Seems you are guilty until you can prove innocence .