Quote Originally Posted by alistar_mid View Post

I am asking because I know a lot of people would have companies of family trusts which would do a lot of share trading, but in a lot of cases these entities don't pay capital gains tax. It is a gray area with the IRD, so its kind of at what point is it "yes you are actively trading" and need to pay capital gains tax, .
I think you need to change the terminology. There is no capital gains tax in NZ for shares. if you were to be taxed on gains from shares then I think it is "trading profits" you are going to be taxed on. So if you are "actively trading" then you will have to pay "income" tax on the gains made and deducting the losses of course.
Whether it is a company doing the "trading" or a individual or a trust is a moot point.