Forum Archive Index - October 2003

["Morgy 40" <morgy40@hotmail.com>]

Murray

What do you think would be the best way to structure a trading business for tax effectiveness, we might as well have some specialist advice, by the way I enjoy your monthly newsletter, always get something out of it. You would be tuning up for cricket season would you ?.

Regards

 

Morgy

>From: "McLean & Co"

>Reply-To: sharechat@sharechat.co.nz

>To:

>Subject: Re: [sharechat]

>Date: Sat, 4 Oct 2003 19:28:53 +1200

>

>33% tax rate for a trust Allan

>

>

>

>----- Original Message -----

>From: "allan russell"

>To:

>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"

> > >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.

> > >

> > >_________________________________________________________________

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> > >

> > >

> >

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