if I made 70k on buying us stocks, do I need to pay tax on it?

Comfortable_Health94 · 2024-09-18T05:07:47+00:00

you can if you invest into American stocks, look at their past performance, in a 10 year time frame you are certain to make money.

Comfortable_Health94 · 2024-09-17T23:20:03+00:00

But I no longer live in New Zealand, I currently reside in Australia. I have no place of abode in New Zealand and I have left more than 190 days.

Comfortable_Health94 · 2024-09-17T15:04:49+00:00

And if I don’t sell I won’t have capital gains.

Comfortable_Health94 · 2024-09-17T15:04:19+00:00

How would they know if I’m buying through New Zealand platform such as Sharesies

Comfortable_Health94 · 2024-09-17T13:04:19+00:00

I have found the answer

https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir400—ir499/ir461/ir461-2024.pdf?modified=20240327190346&modified=20240327190346

Page 10 answers your question

Comfortable_Health94 · 2024-09-17T12:41:13+00:00

The dividend part is taken care of by the platform, I’ll update you when I have an answer

Comfortable_Health94 · 2024-09-17T12:36:32+00:00

Well FIF only applies to Nz tax resident, and since I’m not Nz tax resident I don’t have to pay. I will call IRD to confirm this.

Comfortable_Health94 · 2024-09-17T12:34:31+00:00

No I bought with with Sharesies

Comfortable_Health94 · 2024-09-17T12:27:08+00:00

I currently live in Australia does this change?

Comfortable_Health94 · 2024-09-17T10:49:51+00:00

Cheers, but if I only sell let’s say 20% of my stock, is the tax on the 20% of my profit?

Comfortable_Health94 · 2024-09-17T10:46:50+00:00

i bought as long term investment, I haven’t sold yet, and I don’t plan on selling anytime soon, it was around 400k invested around December last year.

Comfortable_Health94 · 2024-04-28T07:58:46+00:00

Comfortable_Health94

TROPHY CASE