IRD possibly going deem sharesies punters traders
Taxing the Sharsies generation
https://businessdesk.co.nz/article/o...ies-generation
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IRD possibly going deem sharesies punters traders
Taxing the Sharsies generation
https://businessdesk.co.nz/article/o...ies-generation
Not necessarily against Sharesies users (that's just the headline) - but doing a big piece of work on how they will approach the gains not being report as income by "direct" / DIY investors that use platforms like Sharesies, other similar new platforms, as well as traditional ASB securities / Jarden direct etc. I read the IRD work programme this arvo not a lot in there but I've heard from my tax friends they expect the IRD to start doing a lot more risk reviews into people's investments and trades and issue more guidance on what they perceive to be capital and revenue account for people who invest directly.