That's only partly true, yes you can elect to use the Comparative Value method. However PIE funds can only use the FDR methodology for foreign shares.
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Well, this is only if the New Zealand voters give this incompetent bunch another chance to mess things up. Given that I expect Winston to go (no government he was invovled in ever had more than one turn) and New Zealanders are able to learn, I hope this is not that likely.
NZ taxation regime on shares is a muddle and does need to be sorted out. The PIE & FIF regimes were brought in as a package to address the inequality between institutions and individuals - until the regimes were brought in, institutions paid tax on all share gains while individuals went through a process to determine who is a trader etc etc etc. Most (>95%) did not pay tax.
How many Xero shareholders know that XRO is subject to FIF regime?
Does not mean that when ATM moves across to ASX that it will be subjected to FIF of course but it may!
Can we get back to ATM????? - As mentioned this is not the tax thread
Seems to be stalling around the mid $12s'
Anybody know the approximate date for their next report, keeps being mentioned next month but anything a little more concrete?
one of the recommendations was to make pie funds cgt exempt but individuals would pay tax ( be big mistake) , will you even be holding atm shares personally then? at such a tax disadvantage
If you look into the TA - it feels like the SP doesn't manage to overcome resistance and a double top is shaping up: RSI around 70 and flatlining, volume and monentum dropping. I'd say the next move is much more likely downwards than upwards unless Jayne buys a big bunch of shares ... and hey - how likely would that be?
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Does anyone know when herdlicker is due to get more shares? Im looking for an in.
Note to the wise: dont search urban dictionary to learn about atm stock or you might think the milk comes from donkeys.