Forum Archive Index - August 2001

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

>
> 
> Are there uniform and predictable rules that UK listed companies
> apply to NZ based investors for taxation purposes? For example, do
> they apply a witholding tax to dividends (at source)? 
>
>
Generally, no.  So you may be up for provisional tax in New Zealand.
>
> 
> Do UK listed companies follow the (erratic) approach of many NZ
> companies and pay supplementary dividends to non-residents? 
>
>
>
UK companies treat all investors equally.   They don't favour 
overseas investors over local ones ;-)
>
>
> 
> As per investing in Australia, I presume the UK Tax Credits (and Tax
> Vouchers) are of no value?
> 
>
>
Amazingly enough, no!   You used to be able to get an 'Inland 
Revenue Tax Repayment Claim' and get back an amount of the UK tax 
credits deducted, depending on your total New Zealand income.

Something in the back of my mind says this was changed though, so 
perhaps someone else who is more up to date with procedures would 
like to chip in here. 
>
>
>
> a NZ investors actual experience would be appreciated.
> 
>
>
If you are used to New Zealand investments you might have to revise 
your ideas as to what you understand by 'high yield'. SNOOPY



-----------------------------------------------
Message posted by Harry Tennyson
 using Pegasus Mail 2.55
I have Word 97 to read attachments
------------------------------------------------


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.