Forum Archive Index - April 2001

["Murray McLean" <murray@mcleanandco.co.nz>]

Refer www.mcleanandco.co.nz and Article "You are an Investor- Are you in
Business?" in the Knowledge and Information Centre.

Murray McLean   C.A. , D.B.S.
McLean and Co.,  Chartered Accountants
133 Main Rd, Clive, New Zealand 4152
Tel. No. (06)8700952
Fax. No. (06)8700955
Email Address murray@mcleanandco.co.nz
Website www.mcleanandco.co.nz

Here are two must see websites to visit-  www.mcleanandco.co.nz  (the
website of McLean and Co., Chartered Accountants), and www.taxreturnz.co.nz,
(New Zealand's premier website for tax return and associated professionals
and their clients).  See you there!!!

We would be pleased to assist you in your accounting/ tax requirements.
With modern technology it is possible to deal with an Accountant from afar.
You can print off our Document relating to Documentation Required to Prepare
Your Financial Statements and Tax Returns from our website
www.mcleanandco.co.nz

----- Original Message -----
From: "Greg" <g&jelliott@xtra.co.nz>
To: "netbroker" <sharechat@sharechat.co.nz>
Sent: Saturday, April 14, 2001 10:20 PM
Subject: [sharechat] Sharetrading and tax


> Sorry if this is a dumb question but it's tax time and you are all old
hands
> at this, while I've entered the market at a volatile time and paid for
it -
> so my question to fellow sharetraders is: can losses in capital from
trading
> be written off, or rebated against other income?
>
> If so, tracking the gains/losses is a complex art, particularly if you
> bought and sold the same shares at different times and quantities. If you
> buy 50,000 shares at 50c then another 50,000 at 70c and later sell 50,000
at
> 60c, is this a gain or a loss?
>
> Thanks, Greg Elliott
> (disc: more losses than gains, thanks to AIRVB)
>
>
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> http://www.sharechat.co.nz/          New Zealand's home for market
investors
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