Thanks but I'm not sure you have this correct. You need to be able to demonstrate that if you had sold the shares and made a profit, then the gain would be taxable. It would not ordinarilly as NZ doesn't have a capital gains tax. If you have not paid tax on gains you may have had elsewhere you may struggle surely?. From the guide:
36 IR 3 INDIVIDUAL RETURN GUIDE
Losses from the sale of shares or other property
If you made a loss and can show that if you'd made a profit, it would have been taxable, you may be able
to claim the loss as a deduction.
Thanks but I'm not sure you have this correct. You need to be...
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