Support our sponsors:

NZX 50 Index	4611.96	2.40
S&P/ASX 200	5191.20	0.00
Dow Jones Industrials	14839.80	21.00

Twitter

Facebook

RSS

What are the tax implications of investing in US shares?

Thursday 24th January 2002

Text too small?

Q: Can you explain - or point me to a website or other resource that explains - the basic tax implications of buying United States stocks? Dividends may not be an immediate issue as I'm considering Berkshire Hathaway shares that pay no dividends.

A: The tax implication in relation to dividends will never be a problem. Berkshire Hathaway has never paid a dividend since Mr Buffett took over and only added B class shares (the cheaper version) after pressure from shareholders.

For a good starting point visit:
- http://www.etrade.com
- http://www.schwab-worldwide.com

If you can't find the information you are after on their site, send the customer services dept a quick email and you usually get a prompt and helpful response.

You could also try the NZ Inland Revenue Department site:
- http://www.ird.govt.nz/menu.htm.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.