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>>How will captital gains made on the stock market be taxed?<<

Depends on when they were acquired as the laws changed in October 1999. You have a choice:-

The old way "If acquired and held for 12 months before that date the capital gains (after October 1999 only) may be indexed and taxed at the normal rate."

The new way "If acquired and held for 12 months before that date the capital gains are subject to 50% reduction in tax that applies when lodging your tax return if asset sold after October 1999. If your maximum freshhold is 48% personal income tax, your CGT will be 24.5%. Basically you are giving away the indexation for a reduced CGT rate."

The benefits in the new methology will dissappear in a high inflation period.

>>Will there be a diffrernce in how much you are taxed if you own shares for over a year? <<

Timing is the key. If you buy and sell a share within 12 months this is deemed to be taxable income and added to your gross earnings... if held onto for longer than 12 months this is deemed to be capital gains...

The real question you should be asking yourself is whether you are a resident or non resident for tax purposes. If a non resident than you basically only have to account for tax to the country that you are living in!

Mind you watch out for the withholding taxes as they will hurt a bit...
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