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Junior Member
NZ Tax on Share Trading
Hey Folks,
How do you organise your taxes come tax time? The way I've been doing it is:
- If share has been purchased and sold < 90 days, then there's tax to pay
- If share has been kept longer than 90 days, then no tax to pay
- Dividends have tax attached, and I claim imputation credits
I trade as a personal trader and just fill out an IR3 tax return every year. I'm wondering if it would be better to create a company with the companies office and claim back some other expenses like internet... part of the home office, etc?
What's your approach?
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