Taxation on US Corporate Bonds
Just wondered if anyone holds US corporate bonds and what the taxation implications are. My understanding is:
You get taxed at your NZ marginal rate on the interest earned (but can claim any US withholding tax back [15%] - or not actually pay it through IBKR)
If you buy without the intention to trade or sell, then if you do eventually sell, there is no CGT as per shares
(And I am less clear on this) there could be an FX gain attached to the interest payment
It would be great to hear from anyone actually doing this today to confirm or correct me.
u/Acceptable-Bill5359 — 7 days ago