Why am I paying tax when I have made an investment loss?
Last Updated: 22 Feb 2016
Tax is payable on your taxable investment income, which may be calculated in a different way to investment returns.
Tax rules differ for different types of investment assets - therefore your taxable investment income will depend on the type of assets held by the fund you invest in.
Sometimes tax is payable even when there has been an investment loss – for example international equities are taxed at an assumed return of 5% (called the ‘Fair Dividend Rate’ method) regardless of the actual return for the year.
Did this answer your question?
Related Answers
-
Find out more information about PIRs or visit the Inland Revenue’s website to calculate your rate. To update your PIR ...
-
A PIE is a type of investment entity that attributes taxable income to its investors and pays tax on their ...
-
Each account holder should provide us with their individual Prescribed Investor Rate (PIR). The Portfolio Investment Entity (PIE) income attributable ...
-
You can find out more about PIRs by visiting our PIR help page. If you need to update your PIR, ...
-
Investors with a 0% Prescribed Investor Rate (PIR) will need to file a tax return with Inland Revenue directly in ...
-
A Prescribed Investor Rate (PIR) is the rate at which an investor pays tax on their share of taxable investment ...
-
If your Prescribed Investor Rate (PIR) was recorded correctly for the year, the correct amount of Portfolio Investment Entity (PIE) ...
-
No, once a term deposit or ASB Term Fund account is set up you won’t be able to add more ...
-
The fields for "Particulars", "Code" and "Reference" allow you to enter information that you want to appear on your statement, ...
-
No sorry. It's easy to export your portfolio information into Excel for personal use but there are no specific tax ...
