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25 Jul 2017(20 minutes delay)



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Tax consequences of investing in PIEs

 

In the 2007 Budget, the Government announced that the top tax rate for PIEs, along with the tax rate for most unit trusts and superannuation funds was reduced from 33% to 30%. In October 2010, the rate was further reduced to 28%.

The PIE's income is attributed to its investors, based on their shares of the PIE, and is taxed at each investor's prescribed investor rate ("PIR"). The PIE regime creates tax advantages for many PIE investors, mainly because the maximum PIR is 28%. The PIE regime therefore provides tax benefits to investors who are on a 33% or 30% tax rate and invested in a PIE.

Also a PIE managed fund is not taxed on gains derived from the sale of the following:

  shares in New Zealand resident companies;

   units in certain Australian unit trusts that have a Resident Withholding Tax Proxy and meet minimum turnover or distribution requirements; and

  shares in Australian resident listed companies included in an approved index of the ASX.

Income attributed to investors from certain types of capital gains such as from the sale of shares and units as described above or from the sale of property held on capital account, such as rental properties, are not taxable in the hands of investors.

 

 

nzforex_burnt


Thank you for the wonderful service you provide through your website. I've had the pleasure of selling a parcel of shares: easy, efficient, and very cost-effective. And I especially like the super-easy way your site allows me to chase up companies' various name changes, and so remain up-to-date.
I Brandli, Coffs Harbour NSW


…out of all the exchanges that I do research for, your particular web site makes finding information so easy. I wish the rest of the world would follow your footsteps. Reuters


Thank you so much for assisting with this. I contacted the registry today and they did confirm there are …… shares [value: $42,000] in my sister’s name. I have put ......... in contact with them so she can update her address and will thereafter be able to claim the dividends [value: $3764] and sell her shares if she chooses. We really appreciate your help, this money will be of huge assistance to ..... What a fantastic service you provide.