Quote Originally Posted by gonnfishing View Post
I am not sure on the tax implications of what I am doing, I usually buy and hold, but do fiddle around the edges skim a few off when in need of cash or find another stock I'm interested in. ...
Am I liable to pay tax in NZ on unrealized capital gains on ASX small caps each year irrespective of weather I am a trader or longer term investor?
You need to determine if you are a long term or a trader. If you want to be both, keep both separate (ie. separate brokerage accounts). Gains on your shares bought (and sold) for trading will be taxable but if bought for long term should not be subject to tax. Mix the two together and they will all be taxable.