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  1. #1771
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    I got e-mailed a bizzare survey from the NZX today with a series of very leading questions about the tax working groups recommendations?

  2. #1772
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    Yeah, i got that. It's an odd easy to do a partition, if that's what it is.

    I wish someone was able to get the govt to clarify why the behavior of buying stock privately needs corrected, and why we should be instead forced to invest via low yeilding kiwisaver monopolies... err i mean companies.

    Perhaps a different thread, but does anyone have any news on cgt? I thought it was due to be announced on April fools, but ive not been able to find anything. I'll probably ring my accountant tomorrow.

  3. #1773
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Tomtom View Post
    I got e-mailed a bizzare survey from the NZX today with a series of very leading questions about the tax working groups recommendations?
    surveys on there website too. I agree current recommendations would dis tort the playing field in favour of investing only in funds .... maybe thats the plan by fund managers more fees. shame for the nzx though be very few people left to provide liquidity as most big volume is done off market
    one step ahead of the herd

  4. #1774
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    Quote Originally Posted by Lewylewylewy View Post
    Yeah, i got that. It's an odd easy to do a partition, if that's what it is.

    I wish someone was able to get the govt to clarify why the behavior of buying stock privately needs corrected, and why we should be instead forced to invest via low yeilding kiwisaver monopolies... err i mean companies.

    Perhaps a different thread, but does anyone have any news on cgt? I thought it was due to be announced on April fools, but ive not been able to find anything. I'll probably ring my accountant tomorrow.
    I wouldn't worry too much about the CGT, the end result will be only a shadow of the tax working groups recommendations IMO.PS-You should hear more on it sometime this month once the garden hose has been thoroughly applied.

  5. #1775
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    If I have to pay CGT on the shares I sell at a profit, will the Govt be refunding me when I sell at a loss?

    It may not be the deathknell of private investment in stocks but it might see a reduction in trades as traders move to investors?
    For example, if I was taking my profits from stocks to buy property, in the past I might sell stocks to get the capital gain out, whereas with CGT I would be better to leave the money invested and borrow against it. That way my tax remains unpaid.

    Of course, extra tax on trades might make it harder for start up companies. Why take the risk investing in companies that you aren't sure will give long term gain.
    On the other hand, is 70% of your "free money" enough of a disensentive to pull out of the stock game?

  6. #1776
    Speedy Az winner69's Avatar
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    Bull.. 10000 today you reckon!
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #1777
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    Well if it came in as CGT at marginal rates then I would trade a lot more. I often wish to sell something and buy back in at a lower price but am reluctant to do so lest I could be be proved to be trading. That concern would be gone.

    It will still never happen.

  8. #1778
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    Quote Originally Posted by Timesurfer View Post
    It may not be the deathknell of private investment in stocks but it might see a reduction in trades as traders move to investors?
    Wouldn't traders already be paying tax on their profits since they buy with the intention to sell?
    So why would traders move to be investors?

  9. #1779
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    Quote Originally Posted by 777 View Post
    Well if it came in as CGT at marginal rates then I would trade a lot more. I often wish to sell something and buy back in at a lower price but am reluctant to do so lest I could be be proved to be trading. That concern would be gone.

    It will still never happen.
    Yep a CGT would encourage more trading activity for sure.

  10. #1780
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by couta1 View Post
    Yep a CGT would encourage more trading activity for sure.
    but not on the nzx if the tax advantage is with funds
    one step ahead of the herd

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