sharetrader
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  1. #21
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,221

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    Quote Originally Posted by Snoopy View Post
    I just call things as I see them out of my own experience dragonz. I don't claim to be an oracle. But if some of the stuff that I post is useful to you, and others, I guess that is good.
    I am reviving a old thread here. AFAIK it is still relevant in the detail being discussed in it. It is titled 'trading' but I think it is equally relevant for those investing in bonds.

    People who buy a bond, have in IRD terms entered into something called a 'financial arrangement'. In tax terms, this means that any income derived must be declared on an accrual basis rather than a money received on the day basis. However, what I was not aware of before today is that if you meet certain thresholds, you can declare money you receive from bond investments on a cash basis. I don't think this is a new law. But the information put out by the IRD explaining it all looks very recent (consultation on this is still open up until the middle of April 2022).

    Have a look here:

    https://www.taxtechnical.ird.govt.nz...items/pub00396

    SNOOPY
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

  2. #22
    DFABPCLMB
    Join Date
    Jul 2020
    Posts
    692

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    Further to Snoopy's post, there is an overview available from the IRD here

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