Quote Originally Posted by hummerh40 View Post
I know this thread is quite old, but I had a quick question about my tax implications:

I started investing in August 2013. I bought into Xero at $16 after hearing all the hype in the news. My question now is, if I wanted to sell these shares and buy in to a different company would I have to pay tax? and if so, what would the tax rate be? I am a university student, and I also have a part-time job (8 hours a week). Would it just be my income tax rate? 12%?
What was your purpose when you invested. To ride the hype and earn a nice 'capital gain'?

Given the short time frame, on the face of it it would be taxable. The tax rate is your marginal tax rate so probably 10.5% since I dont think you pay ACC on share profits. http://www.ird.govt.nz/how-to/taxrat...etaxrates.html

I am not sure if you would have complete a IR3 or if there is a short cut method to advising IRD.