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In NZ the normal way is Comparative Value which taxes the increase in market value when you sell. Fair Dividend Rate isn't a wealth tax. It's a frankly bullshi
by jashmatthews 5y ago
In NZ the normal way is Comparative Value which taxes the increase in market value when you sell.
Fair Dividend Rate isn't a wealth tax. It's a frankly bullshit option rich people can use when their investments do really well to cap the tax owed to 5% of the starting market value.
Hatch explain it a bit here:
https://www.hatchinvest.nz/learn-articles/tax-50000-fif https://www.hatchinvest.nz/learn-articles/tax-50000-fif