That would be taxable wouldn't it. Called arbitrage?
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That would be taxable wouldn't it. Called arbitrage?
I guess logically it would be the difference between the sold and replacement price. As far as the continual liability goes then I guess that would revert back to the original reason you purchased the replaced shares. That is the way that I would play it and obviously this is not financial advise. I am always mindful of the reason I buy and sell shares and record that just in case the IRD ask questions. On the odd occasions that I have contacted the IRD I have always been impressed that it is a very well run department unlike the other govt departments.
It's a great shame Labour didn't bring in the flat rate 15% tax on capital gains that they campaigned on in 2014 (?). Certainty and simplicity have alot of value IMO.
Usually I would expect this to be heavily scaled but it's edging close to the SPP. Still, I would be surprised if people get their full allocation.
I don't expect an easy 10% gain from it and like Left Field I bought at well below current prices so I am weighing this up. It's not much of a discount
I've applied for a few to avoid being diluted. Company has a great product - and future - in my opinion.
I absolutely agree that IKE has a great product and future but the SPP price isn't very attractive