Ann: Goulamina Drilling Returns Positive Results, page-564

Understand you live in NZ and your recent posts have piqued my interest in the land of the long white cloud. I am a dual citizen and have considered moving back to Auckland/Tauranga many times. I don't want to derail the thread but what do you mean by minimising tax? I checked briefly and the NZ tax rates are amazing but there is no CGT discount.

I mean in NZ I would be paying 28-30% based on my current income. In Aussie i'm in the top bracket (40-47%) but with 50% discount I pay 23.5% on my CGT transactions. Just seems like the main difference is that Australia encourages investor activity (>12 months holding) whilst NZ encourages trading behaviour. Is this right or am I missing something?