Paper gains, tax cuts: Why the IRD has direct share-traders under watch
Paper gains, tax cuts: Why the IRD has direct share-traders under watch
Article written by InvestNow
In typical tight-lipped tax office style, the Inland Revenue Department (IRD) issued a brief statement last October confirming it was keenly observing the stampede of novice retail investors into the direct share-trading game in NZ.
“As new investors are attracted to the market, we will be looking to make sure their tax obligations are clear to them and ensure education […]