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24-01-2019, 08:54 AM
#12111
Originally Posted by 777
He is referring to FDR then. If your under 50,000 then you pay tax on dividends or distributions received. If over 50,000 then you pay tax on 5% of your opening balance at the beginning of each tax year. This is the maximum. If however your investments do not increase in value by 5%, including dividends and distributions then you only pay tax on what it does increase by.
There are a few other rules but that is the gist of it. Nothing to be frightened of.
Definitely not a CGT.
That's only partly true, yes you can elect to use the Comparative Value method. However PIE funds can only use the FDR methodology for foreign shares.
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24-01-2019, 08:57 AM
#12112
Originally Posted by Lego_Man
Looking forward though, Cullen has intimated that local shares will be taxed under a deemed return method as well. So we will basically have a version of the FDR for NZX and all ASX shares.
Well, this is only if the New Zealand voters give this incompetent bunch another chance to mess things up. Given that I expect Winston to go (no government he was invovled in ever had more than one turn) and New Zealanders are able to learn, I hope this is not that likely.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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24-01-2019, 08:58 AM
#12113
Originally Posted by Lego_Man
That's only partly true, yes you can elect to use the Comparative Value method. However PIE funds can only use the FDR methodology for foreign shares.
Individual tax payers are not PIE funds.
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24-01-2019, 09:11 AM
#12114
Originally Posted by Lego_Man
Looking forward though, Cullen has intimated that local shares will be taxed under a deemed return method as well. So we will basically have a version of the FDR for NZX and all ASX shares.
NZ taxation regime on shares is a muddle and does need to be sorted out. The PIE & FIF regimes were brought in as a package to address the inequality between institutions and individuals - until the regimes were brought in, institutions paid tax on all share gains while individuals went through a process to determine who is a trader etc etc etc. Most (>95%) did not pay tax.
How many Xero shareholders know that XRO is subject to FIF regime?
Does not mean that when ATM moves across to ASX that it will be subjected to FIF of course but it may!
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24-01-2019, 09:11 AM
#12115
Can we get back to ATM????? - As mentioned this is not the tax thread
Seems to be stalling around the mid $12s'
Anybody know the approximate date for their next report, keeps being mentioned next month but anything a little more concrete?
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24-01-2019, 09:15 AM
#12116
one of the recommendations was to make pie funds cgt exempt but individuals would pay tax ( be big mistake) , will you even be holding atm shares personally then? at such a tax disadvantage
one step ahead of the herd
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24-01-2019, 09:21 AM
#12117
Originally Posted by Jay
Can we get back to ATM????? - As mentioned this is not the tax thread
Seems to be stalling around the mid $12s'
Anybody know the approximate date for their next report, keeps being mentioned next month but anything a little more concrete?
ATM always announce 3rd week of Feb. Only the company can announce the actual date.
Next move - back down to $10.00 after short covers completed.
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24-01-2019, 09:25 AM
#12118
Originally Posted by Jay
Can we get back to ATM????? - As mentioned this is not the tax thread
Seems to be stalling around the mid $12s'
Anybody know the approximate date for their next report, keeps being mentioned next month but anything a little more concrete?
If you look into the TA - it feels like the SP doesn't manage to overcome resistance and a double top is shaping up: RSI around 70 and flatlining, volume and monentum dropping. I'd say the next move is much more likely downwards than upwards unless Jayne buys a big bunch of shares ... and hey - how likely would that be?
InkedA2M.jpg
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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24-01-2019, 09:33 AM
#12119
Originally Posted by BlackPeter
If you look into the TA - it feels like the SP doesn't manage to overcome resistance and a double top is shaping up: RSI around 70 and flatlining, volume and monentum dropping. I'd say the next move is much more likely downwards than upwards unless Jayne buys a big bunch of shares ... and hey - how likely would that be?
InkedA2M.jpg
Bit of a drop I'd say followed by a strong rally a week or so before the result, after that toss a coin.
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26-01-2019, 10:48 PM
#12120
Does anyone know when herdlicker is due to get more shares? Im looking for an in.
Note to the wise: dont search urban dictionary to learn about atm stock or you might think the milk comes from donkeys.
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