sharetrader
  1. #12111
    Senior Member Lego_Man's Avatar
    Join Date
    Feb 2009
    Posts
    556

    Default

    Quote Originally Posted by 777 View Post
    He is referring to FDR then. If your under 50,000 then you pay tax on dividends or distributions received. If over 50,000 then you pay tax on 5% of your opening balance at the beginning of each tax year. This is the maximum. If however your investments do not increase in value by 5%, including dividends and distributions then you only pay tax on what it does increase by.

    There are a few other rules but that is the gist of it. Nothing to be frightened of.

    Definitely not a CGT.
    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.

  2. #12112
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by Lego_Man View Post
    Looking forward though, Cullen has intimated that local shares will be taxed under a deemed return method as well. So we will basically have a version of the FDR for NZX and all ASX shares.
    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.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #12113
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    3,227

    Default

    Quote Originally Posted by Lego_Man View Post
    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.
    Individual tax payers are not PIE funds.

  4. #12114
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,486

    Default

    Quote Originally Posted by Lego_Man View Post
    Looking forward though, Cullen has intimated that local shares will be taxed under a deemed return method as well. So we will basically have a version of the FDR for NZX and all ASX shares.
    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!

  5. #12115
    Senior Member
    Join Date
    Mar 2001
    Location
    Auckland, , New Zealand.
    Posts
    1,408

    Default

    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?

  6. #12116
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    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
    one step ahead of the herd

  7. #12117
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,486

    Default

    Quote Originally Posted by Jay View Post
    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?
    ATM always announce 3rd week of Feb. Only the company can announce the actual date.

    Next move - back down to $10.00 after short covers completed.

  8. #12118
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by Jay View Post
    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?


    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?

    InkedA2M.jpg
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  9. #12119
    Banned
    Join Date
    Nov 2013
    Posts
    8,516

    Default

    Quote Originally Posted by BlackPeter View Post
    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?

    InkedA2M.jpg
    Bit of a drop I'd say followed by a strong rally a week or so before the result, after that toss a coin.

  10. #12120
    Senior Member
    Join Date
    Jul 2015
    Location
    Auckland
    Posts
    956

    Default

    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.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •