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Capital Gains Tax
Capital Gains Tax
I am currently trading FX via an online broker where my base currency is in SGD. Am i liable for capitain gains tax on my profits?
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sundaymorningstaple
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Haven't checked the capital gains tax structure here, but it doesn't matter what currency it's in or the fact that it's online, you are operating from here therefore it's taxable here. I got that direct from IRAS's mouth about a month ago in response to another thread here.
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Strong Eagle
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I am not a lawyer and... if you are "trading", you don't pay capital gains tax, you pay income tax on your profits.
http://www.iras.gov.sg/irasHome/page03.aspx?id=3556
http://www.iras.gov.sg/irasHome/page03.aspx?id=3556
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