Forum Archive Index - September 2000

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>
> That same publication also quotes Technical Policy Circular 88/13 :
> ........."Section 65 Income Tax Act "
> 
> " Losses made in selling or disposing of shares can be deducted for
> tax purposes where it is a normal part of the taxpayer's business to
> trade or deal in shares."
> 
> and: "Shares acquired for resale but not sold at the end of the year
> of the year are not taken into account , until actually sold in a
> later year"
> 
> and  "Any losses claimed must be actual realised losses from the
> sale of the shares , as opposed to reductions in the value of shares
> the taxpayer held at the end of the year. "
> 
>
And I could quote you the income tax law which says that unrealised 
losses are indeed losses under the IRD FIF (Foreign Investment Fund) 
regieme.  None of this doesn't prove a thing unless you are taking 
your strategic investment advice from the IRD.

On second thoughts though, the more people that believe that a loss 
has to be realised to be a loss, the more opportunities these people 
will miss out on which means all the more profit for me!  Heh heh 
heh!   So I had better cancel this post quick smart before anyone 
else catches on.

Now, let's see, where is that 'Delete' button?   Right next to that 
button marked 'S''E''N''D' I think.   Here goes.  Damn!  SNOOPY


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