Asset sales

[mashman]

Ominously quiet from the right wing.......is that because they're wearing that smug "Im better than you grin" so in vogue at the moment?

They're off calling their circle of mates to find out how much they'll charge each other for monitoring each others portfolio additions so that they'll have more "losses" to write off against tax next year. As people keep pointing out the shares are mediocre at best... but they'll still pay more than dividends.

[Brian d marge]

well they are gone now ..thanks Mr dunne

IF they do perform and you electricity prices DO come down ...Im quite prepard to appologise ...but

In the mean time the first winter After they are sold to the americans ,,,prices will go up by 20 % thats my guess

Stephen


Well done . pat on the back all round ....nothing was well done

[G4L4XY]

I see they passed the bill today. I feel the need to post somewhere the stupidity of this.

They sell off the assets and get a few billion sure but then they spend that and it's gone and then they're only getting half the amount of income from them, I don't understand what they're thinking about this.
But meh I ride a Hyosung what do I know!

[Oscar]

They're off calling their circle of mates to find out how much they'll charge each other for monitoring each others portfolio additions so that they'll have more "losses" to write off against tax next year. As people keep pointing out the shares are mediocre at best... but they'll still pay more than dividends.

So exactly how do I write off my share portfolio losses against tax, oh wise one?

[mashman]

So exactly how do I write off my share portfolio losses against tax, oh wise one?

I said nothing about losses.

[puddytat]

Im at a loss to explain the Maori parties position,& very dissapointed. Still it shows that its not only the White man who speaks with forked tongue.
.

I retract that & apologise.....

[blue rider]

[Oscar]

I said nothing about losses.

Really?

So you didn't say:

...they'll charge each other for monitoring each others portfolio additions so that they'll have more "losses" to write off against tax next year.

[mashman]

Really?

So you didn't say:

my bad... I was referring to the costs of monitoring the portfolio, not the shares themselves

[Oscar]

my bad... I was referring to the costs of monitoring the portfolio, not the shares themselves

And how do I write that off against tax, O wise one?

[mashman]

And how do I write that off against tax, O wise one?

pay a visit to the IRD site and find out.

[Oscar]

pay a visit to the IRD site and find out.

I don't need to when you are playing the expert here.

Assuming that you can write off the expenses, I'll couch the question another way:

What happens if I write my portfolio costs off against tax, O wise one?

[mashman]

I don't need to when you are playing the expert here.

Assuming that you can write off the expenses, I'll couch the question another way:

What happens if I write my portfolio costs off against tax, O wise one?

... as per usual, that's entirely your choice.

You declare/pay less tax.

[Oscar]

... as per usual, that's entirely your choice.

You declare/pay less tax.

It goes to the fact that, yet again, you have little or no idea about the subject at hand.
If you deduct expenses or losses incurred in your share portfolio, you'd make any gains taxable.

So the people you describe are likely to pay more tax, not less.

[mashman]

It goes to the fact that, yet again, you have little or no idea about the subject at hand.
If you deduct expenses or losses incurred in your share portfolio, you'd make any gains taxable.

So the people you describe are likely to pay more tax, not less.

... so you didn't read what I wrote, not sure why I should be surprised. Typical right winger