How to sell australian shares in nz

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Results 1 to 9 of 9. Buying and selling ASX shares - tax complications. Thread Tools Show Printable Version Display Linear Mode Switch to Hybrid Mode Switch to Threaded Mode. NOCASH View Profile View Forum Posts.

Buying and selling ASX shares - tax complications Recently I have been buying and selling during the day. To make a quick profit. I live in NZ I use ASB trading account. Just wondering do I need to pay capital gains? I have been trading in and out with couple of months now.

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Aaron View Profile View Forum Posts. If noone else wants to venture an opinion I will. In my opinion you would need to pay tax on any gains and could deduct any losses. It is not a capital gain if its a trading profit.

You are a bit like a retailer buying stock and selling for a profit. Vaygor1 View Profile View Forum Posts. Given the limited info provided in your question, the answer is an unequivocal Yes.

You have bought with the intent to sell. Sorry to resurrect an old thread but I thought it would be better than creating a new one. If I am a day-trader and I am conducting most of my trades on the ASX, would I only have to pay income tax in NZ?

I am a citizen and resident of NZ Any Australian tax requirements? For tax purposes lets say I am operating as a sole trader. Last edited by hummerh40; at JBmurc View Profile View Forum Posts. I'd recommend to talk with a good accountant Last edited by JBmurc; at Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals.

Rawiri View Profile View Forum Posts. I expect they're talking about the foreign investment fund rules - http: If you've followed the TOP housing tax, it's basically the same thinking Since most New Zealanders hold their overseas assets though PIE funds, it's not really mentioned in the mainstream media etc..

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GTM View Profile View Forum Posts. Originally Posted by huxley. Originally Posted by GTM Quick Navigation The Newbies Corner. Bookmarks Bookmarks Digg del. The time now is The place for the Newbies to ShareTrader Buying and selling ASX shares - tax complications If this is your first visit, be sure to check out the FAQ by clicking the link above.

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Results 1 to 9 of 9 Thread: Thanks Last edited by hummerh40; at Join Date Jan Location Irresident Posts Originally Posted by huxley I expect they're talking about the foreign investment fund rules - http: HTH Do they really? Posts 1, Originally Posted by GTM Do they really?

Or are you suggesting that can be ignored?