asset sale - tax question, page-6

You should live in New Zealand like me. Here, we get fully franked dividends from Aussie companies and then have to pay tax on them, so if it's double dipping on your side of the Tasman, it's triple dipping here. I won't go into the politics of it other than to say that the NZ government has tried to rectify this anomaly under a double taxation type agreement many times and has failed. On the positive side, there is no capital gains tax here, as long as the shares have been bought to hold rather than to onsell for a profit..Not much hope of that with CFE at the moment; of course the corollary of there being no CGT is that you can't deduct losses.