Hello,
Can you guys help me on what my tax implications are for my share portfolio in NZ. I invest on the ASX, live in NZ and trade in only around 3-4 stocks per year. Different accountants give me a different opinion stating that to be a trader you need to make a certain number of trades per year. Again each accountant differs with what the minimum number is. IRD rules are hazy on this.
Is any gain in stocks considered capital gain and as such not liable for any tax payment? I understand that any dividend payments are taxable...fair enough.
Any help would be appreciated.
Munster.