Special 3c AUD divvy declared by NZO (not imputed or franked).
Wow thats cool sort of. Not imputed or franked sucks for holders. Unless its a capital return.
This will help long suffering NZO shareholders. Well done for holding on. I may have to look at entering again as the company has some interesting prospects.
Great news for all of us long term shareholders. I'm unsure what is the most efficient way to receive the dividend as I don't have a Aus. bank account. I'm unsure also of the Aus. tax implication. Any ideas?
A quote attributed to Margaret Thatcher goes along the lines of "The problem with socialism is that eventually you run out of other people's money."
Great news for all of us long term shareholders. I'm unsure what is the most efficient way to receive the dividend as I don't have a Aus. bank account. I'm unsure also of the Aus. tax implication. Any ideas?
If you are a NZ resident tax payer, there are absolutely no Aussie tax implications. You are governed under NZ tax law, NZO is a NZ company, so you just pay tax on dividends at the NZ marginal tax rate. Simple.
If you are a NZ resident tax payer, there are absolutely no Aussie tax implications. You are governed under NZ tax law, NZO is a NZ company, so you just pay tax on dividends at the NZ marginal tax rate. Simple.
You have said in the past that NZo have no accrued imputation credits-with possible dividends every 6 months as a company policy when do see imputation credits being attached?
Wonderful that the board has listened and provided to minority shareholders.
Looking forward to a great future.
Might see you at the next agm
If you are a NZ resident tax payer, there are absolutely no Aussie tax implications. You are governed under NZ tax law, NZO is a NZ company, so you just pay tax on dividends at the NZ marginal tax rate. Simple.
Thank you Blackcap. I have both CUE and NZO on the Aussi board so as a non resident what is the best way to receive these long awaited divies?
A quote attributed to Margaret Thatcher goes along the lines of "The problem with socialism is that eventually you run out of other people's money."
Originally Posted by blackcap
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