Forum Archive Index - October 2003

["McLean & Co" <mcleanco@inhb.co.nz>]

33% tax rate for a trust Allan



----- Original Message ----- 
From: "allan russell" <allanrussell90@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, October 04, 2003 5:49 PM
Subject: Re: [sharechat]


> I feel you are spot on with the ANZ, they also give good back up service,
> and that helps when you have questions, and dont be scared to ask if money
> is at stake.
> Tax, I pay tax and am happy to pay it. If I dont Im not makeing money and
Im
> sad not to be paying it.
> 2 stories to illistrate a point, on a personal level, I watched a family
> member recieve free emergency care in hospital one year, I would have at
the
> time signed away all I owned had it been nessary to continue the care, I
> have recieved value for money for taxes.
> Story 2, a friends young son, working under the table, knows it all,
doesnt
> pay tax you see, so clever.
> injured himself on the job, and now is off work and cant get acc, for 80%
of
> earnings he "never recieved".The ird can be a little inconsistant when
> deciding if you are a trader in shares, or not, and once painted with the
> trader brush you are stuck with it.
> To avoid it a trust can be formed that pays a 30% tax rate, but your
future
> dealings, are seperate from the trust.
> Allan.
>
>
>
> >From: "Matt c" <isharoth@hotmail.com>
> >Reply-To: sharechat@sharechat.co.nz
> >To: sharechat@sharechat.co.nz
> >Subject: [sharechat]
> >Date: Fri, 03 Oct 2003 19:57:48 +1200
> >
> >Hi, I'm abit of a novice investor, not yet in my twenties.
> >
> >I was just wondering if we in NZ can take advantage of the current high
$nz
> >dollar. (which markets are best to invest in currently etc)
> >
> >Also, which is the commonly accepted best online broker?
> >From the fees I saw ASB seemed the best and Direct the worst.
> >
> >Does anyone have an opinion on fletcher forest shares at their current
> >price of around $1.30? I brought in at $1.10
> >
> >Ah and approximately how often per year can you buy/sell shares before
the
> >IRD recognises you as a trader rather than an investor?
> >
> >Help with any of my questions would be great, thanks.
> >
> >_________________________________________________________________
> >Check out the Xtra gaming servers at  http://xtramsn.co.nz/gaming !
> >
> >
>
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> >
>
> _________________________________________________________________
> Surf the net and talk on the phone with Xtra Jetstream @
> http://www.xtra.co.nz/products/0,,5803,00.html !
>
>
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