Description
Trading or investing? Where is the line? Get the tax treatment right
In recent years more and more platforms are becoming accessible to taxpayers to make it easier to buy and sell shares without having to engage a share broking firm. Given the ease with which these transactions can occur, more and more taxpayers are speculating on shares. While a one off transaction does not make you a trader, it may make any gain taxable and where multiple transactions are occurring, the lines between trading and investing start to blur.
Often we hear after the fact that taxpayers are share traders when losing money and investors when profits are being made. Of course the distinction is not based on how much tax you will pay, but on the actions of the taxpayer. The outcome may also differ depending upon the underlying investment with the likes of options being taxed differently in many cases.
LEARNING OUTCOMES
This course will look to outline the factors to determine if a taxpayer is a “share trader” and also outline the implications of this for common investments both onshore and offshore.
SUITED TO
This course will be suited to those actively investing and those acting for active investors at all levels.
PRESENTER
Jarod Chisholm, Managing Partner (Tax NZ), Findex/Crowe on behalf of TEO
Jarod is the Managing Partner of the New Zealand Tax Advisory Team for Findex/Crowe and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.
Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.
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