There is no capital gains tax in NZ, but rather a Capital Gain is treated as income and therefore gets texed at the relevant rate.
BUT. It is offset by your expenses ... so in trading you could pay little tax depending on what you claim,
Where most people come unstuck, is that according to the IRD, it seems, that if you make a single trade for the purpose of realising a capital gain, then you are a trader. Most prob wouldn;t be obeying that fully here in NZ. But it isn't helped by the IRD not defining al the guidelines.
But overall here in NZ we pay a lot less tax than AUS (I know .. have lived on both sides of the Tasman ... and I much prefer our 39c than the Aus 49c (or whatever it was) ... plsu out lack of CGT.
