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[sharechat] Allbury


From: <philip@goodreturns.co.nz>
Date: Tue, 25 Nov 2003 11:20:45 +1300


One of our readers has some queries about the Allbury Holdings offer. Can anyone provide some answers?

I have some queries and wish you can clarify:

 

1.  Taxation on dividend.

A.  Is there any tax applicable to foreign nationals?

If so, at what tax rate.

B.  If A is positive, whether the tax is deducted at

source, or I need to appoint a tax agent to handle?

C.  Should I subscribe it using my nominee, a NZ tax

resident, whether this would affect the taxation rate

I may need to pay?

 

2.  Resaling to secondary market.

Should I require to dispose of this financial

instruemnt before its maturity, whether this is any

established market [like New Zealand Stock Exchange]

where I can dispose it off?

 
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