I think you need to change the terminology. There is no capital gains tax in NZ for shares. if you were to be taxed on gains from shares then I think it is "trading profits" you are going to be taxed on. So if you are "actively trading" then you will have to pay "income" tax on the gains made and deducting the losses of course.
Whether it is a company doing the "trading" or a individual or a trust is a moot point.
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