If you want to be SURE contact the IRD or talk to your accountant (as long as they are CPA)
Quote Originally Posted by Jessie View Post
Yes. It seems from this definition that perpetual bonds (eg IFTHA) and reset securities (eg RBOHA) are not 'excepted financial arrangements', and therefore capital gains or losses are taxable.

However, preference shares (eg KCSHA) are 'excepted financial arrangements' and capital gains/losses are not taxable.

However, I would like to be sure before I fill in next year's tax form.