
Investments
Budget 2005: What do the tax changes mean for investment markets
Friday 20th of May 2005
The government has proposed a new taxation regime for investments. Two changes in law scheduled to take effect April 1 2007:
- Eliminate the tax on capital gains from NZ shares held in a pooled fund.
- Apply a voluntary ‘flow-through’ regime to all pooled funds in New Zealand so investors pay tax on income a...
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