Forum Archive Index - January 2000

["David Lau" <Akunamatata@xtra.co.nz>]

Hi Richard,

when you said Bry is no longer a NZ company so I have to pay capital 
gain tax. Is that mean if I have capital gain on any other NZ 
company less than $20000, I don't have to pay any capital gain tax?



> From:          "Richard Hooper" <hoop@ihug.co.nz>
> To:            <sharechat@sharechat.co.nz>
> Subject:       Re: [sharechat] BRY DIV
> Date:          Fri, 7 Jan 2000 18:22:05 +1300
> Reply-to:      sharechat@sharechat.co.nz

> 
> ----- Original Message -----
> From: David Lau <Akunamatata@xtra.co.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Friday, January 07, 2000 12:53 PM
> Subject: [sharechat] BRY DIV
> 
> 
> > BRY decided to give out last dividen of 3cps with no credit. Is that
> > mean it is taxable?
> >
> > Yes, as BRY is no longer NZ company .Another negative is that if you have
> over $20000 worth of BRY shares you will also have to pay capital gains tax
> on any increase in the stock price from the price on the last day BRY was in
> NZ ,which I think was the 28th Dec 1999.
> >
> 
> 
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