3 minute read
By a majority, the Tax Working Group has recommended introducing a Capital Gains Tax on a wide range of assets, including NZ and Australian shares (on top of the current tax paid on dividends).
Currently, you aren’t taxed at all on the gains you make from selling NZ and Australian shares (unless you buy shares with the purpose of selling them, or a few other exceptions). You are, however, taxed on your other global share investments once you have $50k or more invested. The result: we’re encouraged to focus our investing locally.