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New Zealand would be great, but I heard that there are some separate rules for foreign shares. Or is that only for dividends? I need to learn more about that. I
by luckystartup 7y ago
New Zealand would be great, but I heard that there are some separate rules for foreign shares. Or is that only for dividends? I need to learn more about that. I saw on this Quora answer [1] that I would need to pay tax on an assumed 5% dividend each year. So if I was holding $5M in shares, then I'd have to pay tax on an assumed dividend income of $250K. But I think there are also exceptions for startups that haven't gone public yet.
Are you available for a consultation?
[1] https://www.quora.com/Im-from-New-Zealand-but-I-own-a-lot-of-shares-in-a-few-US-startups-If-I-am-a-New-Zealand-tax-resident-do-I-pay-taxes-when-selling-shares https://www.quora.com/Im-from-New-Zealand-but-I-own-a-lot-of...