Quote Originally Posted by skeet View Post
How do you trade a PIE?

When you enter in to a PIE you advise of your PIR (prescribed interest rate) based on previous 2 years earnings, from this the PIE pays your tax for you. You only include you PIE on your tax return if you used the wrong rate and your income from the PIE was under taxed.
What your talking about is only the income from your PIE investment but as an example Kiwi Income Property Trust is a PIE. You can trade the units in the trust the same way you can trade any shares on the NZX. The distributions you receive while you hold the KIP units will be excluded income but a profit on the sale of the units is a capital gain on the investment and the gain on sale may be taxable if you are a trader rather than a long term investor. If its a Cash PIE like Rabos Cash Advantage Fund there is nothing to trade becuase its the same as a savings account.