Tax for investors 101

Is tax something you dread or would rather avoid? We’ve got you covered.
We ask common questions and chat about what you need to know about your tax as a retail investor.
Mark Lash, a partner with Deloitte Private, helps demystify some of that pesky jargon and breaks down the what, when and how of tax when investing in company shares and funds.
Things like what’s an imputation credit? What are the gotchas when investing offshore? And how reliable is ChatGPT when it comes to tax advice?
For more or to follow the podcast-check out linktr.ee/share...
The tax comments in this podcast are general in nature and for educational purposes only. We recommend you confirm or seek tax advice on how the tax law applies to your situation.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time

[@Kaymm-zd6lb]

So if inland revenue takes some of the profit when we make money on shares, do they also gives us a refund if our shares drop in value. looool

[@jermunitz3020]

Do sharesies have a FIF tax report?

[@Sharesies]

Sharesies offers an integration with Sharesight which enables you to complete FIF reporting (at a cost). Otherwise, we offer reports in-app that may assist with FIF reporting obligations. You can find more info about FIF here: intercom.help/sharesies/en/articles/1399438-tax-on-sharesies-investments

[@jermunitz3020]

@@Sharesies But that's $50 a month for the expert plan with FIF report; More than I spend on fees at IBKR with a $200k portfolio. It's a bit pathetic that NZ fintechs cannot do a simple report themselves. I wrote my own FIF report python script in a weekend.

[@SchneakyPete]

@@jermunitz3020 Care to share it ? :)

[@mdewsnip6076]

@@jermunitz3020 I asked Sharesies that exact question by e-mail a couple of months ago and they said "This is something we're working on but don't have a timeframe for." I'm considering moving to Hatch since they do already have a FIF report

[@rajekiran4775]

@@jermunitz3020 Hatch provides FIF report at $75 as one off cost.

[@igorhfr8791]

This was great! thank you.

[@neilmason4135]

This guy is smart

[@boeing747cr3]

Did this guy suggest that Tesla pays a dividend?😂