Quote Originally Posted by newbietrader View Post
thx shasta for yr input.

So any profit you gain in a transaction is taxable. Is this called capital gain tax?

If one hold a share more than 1 or 2 years then decided to sell with some gain, should one declare the profit in tax return and be taxed? or need not declare it as this was a long term holding?
Still back to the main question does one need to declare the profit/loss of the transaction in tax return whether it's a short or long term holding?

cheers
NZ does not have capital gains tax. Profits made in this way may be subject to income tax though. Whether it represents a large % of your income (you're definitely making taxable money if living off trading) whether vyou are reinvesting profits into the market, or another investment class, or going on a world trip - and several other factors, not least of which is what you wish to tell them! Professional advice is the answer.