Quote Originally Posted by Snoopy View Post
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"There is no tax on the distribution of capital gains to shareholders."

But could that be because the capital gain has already been taxed within the fund, so there is no more tax to pay?

SNOOPY
My understanding is that the PIE fund is not taxed separately.

It is only when distributions of income are apportioned to individual investors is tax levied at the investor's PIR rate. Capital gains generated in the PIE fund are not taxed.

https://www.nzherald.co.nz/personal-...ectid=12215861