Forum Archive Index - January 2001

["Mike Beal" <mike.beal@approved.co.nz>]

Probably wouldn't be a problem, however you'd be classified as a trader
forever - meaning you would pay capital gains on any transactions in the
future.  Better to take the loss and in future enjoy tax-free capital gain
IMHO.

MB.



> Hi!  Can someone please advise me?  I have made a dozen or so trades on
> the NZSE so far this financial year and made a loss of a few thousand
> bucks.  Is it possible to declare myself a sharetrader to the IRD and
> claim my loss against taxes paid through my regular job?  Just
> wondering.     michael
>
>
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