IRD guide for the single trader: how to not pay tax on purpose

Newcomers to share trading and seasoned players alike can glean handy tips from the IRD's recent draft statement on tax liability. (Image: Getty)

David Chaplin

Wed, 21 Aug 2024

“The use of online investment platforms to invest in shares is becoming increasingly common,” the Inland Revenue Department notes in a recent draft statement of the obvious.According to the Inland Revenue Department (IRD), many in the platform-based community are less clear that their stock-trading profits might be taxable.“Most people understand that share traders or dealers who buy shares for resale need to pay tax, but it is not so well understood that people who make only occasional sales also have to pay tax if those shar...

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