Forum Archive Index - May 2000

[Andrew Cooper <ACOOPS@xtra.co.nz>]

Pete

The residual claims levy is levied on every $100 of payroll if you run a
company, how is this levied on a self employed person (I am just curious to
know).


Regards

Andrew


Pete wrote:

> hi,
> I was just doing my tax return, and as part of the IR3 tax return pack you
> get a 70 page booklet entitled "Residual Claims" (acc451).
> Its got all the codes for different occupations, eg if you operate a Cafe,
> the code is 57300.
>
> I was wondering, for those of you that are primarily individual share
> traders, what code do you use?
> The only one I could find that mentions stockbroking is 75110, but that is
> "stock broking or trading( on commission)", so i dont thing it applies to a
> home based trader.
>
> My primary business is something else...but I am just curious on which one I
> would use if I decided to trade full time.
>
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