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Set up an offshore Trust with an off shore bank (
eg Malasia ) Set up your trading account thru a trust
entity and employ yourself to operate the account. The whole operation then
becomes an off shore entity. You own nothing in NZ therefore your tax is to
Malasia ( 10% Flat ) You are issued an expense account by the Trust Fund, Credit
Card, Leased Car, Rented House.
Etc
Woody
----- Original Message -----
Sent: Saturday, October 04, 2003 5:54
PM
Subject: [sharechat] Tax Structure
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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http://xtramsn.co.nz/gaming !
> > >
> > >
> >
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