Would IRD deem this "trading" and therefore subject to CGT?
I'm one of the lucky RKLB holders from back in the day. My pattern of transactions was basically buys from after the SPAC (2021) through to early 2025. I once sold a package of shares for a property purchase deposit, rebought as it didn't go through (and noted that in my cost basis spreadsheet where I record for FIF nonsense). It's worth about 750k now from a cost basis of 40k and it's a bit out of balance with the rest of my investments. I'd like to start considering trimming some substantial chunks, but not if the IRD is going to ask for 39% of it.
There must be a few RKLB winners around here these days. IRD guidlines seem very vibes based. What actually happens? What's the read on this sort of activity? I would have thought this pattern doesn't look like I'm in the business of share dealing, but the numbers are large enough that I'm worried about it.