Just out of curiousity, when does 'the tax man' start looking into your trading for the 28%?
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Dont you have to start paying tax when you are 'purchase(ing) shares with the intention of resale'
I realise we all are doing this - its the aim of the game.
But surely a technical trader falls more in the bracket of 'purchased shares with the intention of resale', compared to a fundie?
Whoops seems my question was answered...
Lets hope they dont make you pay back-dated tax eh? ;)
Which is a bit silly I think. Who, in their right mind, buys shares with then intention of selling them for a capital loss?
This, combined with the lack of comparative capital gains on housing is the reason the NZX is under performing while house prices in NZ go beyond what they should.
I think we need to start taxing housing, in some way, to try and take the heat out of it. Plus stopping foreign non resident ownership.
We have an under performing stock market where its hard for start ups to get capital. At the same time we have an over performing house market where its relatively easy for people to get capital. One adds significant growth and entrepreneurs to the economy. One does not. Our tax system turns a blind eye to the one that adds nothing to our economy while penalising the one that adds something to the economy. If we want to grow, as an economy and a country, we need to reverse that.
moosie when you file your ir3 form do you simply just not mention the capital gains made in the tax year.
Moosie, aren't you glad I bought all this up? :p
So how is PEB doing after all that. Have reconstituted a thread on tax if any of you are interested - saves moosie starting one. Questions for traders.
Happy Days
Good on Harbour - they got those shares at the placement and rights issue back in Sep 2011 at 19c. So been a nice 250% plus return for them.
Meanwhile, they are supplying stock to the market for those who are now embracing the story. Imagine if all shareholders just hang on to their stock - there would have been no entry points for those who got in at 25c, 35c, 45c etc!
Harbour certainly has taken a bath on Rakon. Probably why they are being prudent now with PEB.
Market seems happy that it's Harbour selling down - reasonable number of shares bought after SSH announcement at 1.34pm - half of today's turnover. Good sign buyers are seeing this as buying opportunity and not backing off from buying?
so does anyone know the date of the big decision, surely they must have a honed in time frame by now as opposed to late march.
http://www.odt.co.nz/news/business/2...-all-time-high
Have a read of above.
I give it a 90% probability, only because there is a possibility that a resubmit could be required as what happened to QRX (ASX). BUt this is just formality and IF this was to happen to PEB it just creates a great buying (topping) up opportunity to get shares from the nervous nellies.
But like Sparky said, they wouldn't build a $10mill+ lab if they weren't pretty confident nor would high-calibre US staff come on board.
Either way I see positives. Don't want to compare this to a Xero just yet, leave that to Diligent to show. 8-)