How does the tax work.
Say if I buy KFL with capital, the sp goes sideways but get I get paid dividends from the fund manager. So effectively getting my own capital back.
Therefore in this example I would be paying zero tax?
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How does the tax work.
Say if I buy KFL with capital, the sp goes sideways but get I get paid dividends from the fund manager. So effectively getting my own capital back.
Therefore in this example I would be paying zero tax?
https://kingfish.co.nz/investor-cent...nt-strategies/
This shud answer all your queries about dividends ...KFL dividends are tax free in the hands of investors always .
Nz farmer these days. UK when I started on Share trader. FX rate was 3.6 to one.
For the record I try to limit paying tax. So KFL sounds like a good fit.
The way the dividends work is that the majority is tax-exempt as it relates to the capital gain. The part of the dividend that relates to the dividends paid by the underlying investments is taxable but because it is a PIE it does not have to be declared in your tax return (unless you want to) and is taxed at a lower rate than many individuals personal rate. This is what makes the FF trio attractive to many "hands off" investors especially those who want a simple income.
The way some big investor buying up for last two days ...seems tax relief coming for listed PIEs ...lol
He maybe buying for 2.65 Cents divvy on offer ...goes ex next Wednesday ...so last few days ...makes sense to buy now and reduce cost by 2.65 cents coming back in few days !!! How about u ?
Attachment 15130
Latest KFL portfolio ...what not to like about it ...Great for yield or growth depends on cash or DRP option ...most tax efficient way to convert capital appreciation of NZ bluechip growth stocks into income ! :t_up: