Saturday, April 27, 2013

Profit for buying and selling share is taxable


Question:- Do I need to declare profit from buying and selling shares as an income?

Answer:-
Whether the profit from buying and selling of shares is regarded as a taxable income would depend on the facts and circumstances of the case. If the transaction can be demonstrated as a realisation of a capital investment, it can then be regarded as a capital gain not subject to income tax. On the other hand, if the transaction is derived from an adventure in the nature of a trade, then the profit from buying and selling of shares would then be seen as a revenue gain subject to income tax.

17 comments:

  1. If a person trades for a living using an offshore broker, is that person still liable to income tax?

    ReplyDelete
  2. i am declaring personal income tax be. i have 3 properties, can one of the property rental loss be offset against the two property rental income

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  16. Have you pay your necessary BILLS? Do you need money? Do you want a better way to transform your own life? My name his Elizabeth Maxwell. I am here to share with you about Mr OSCAR WHITE new system of making others rich with not less than two to three days.I was in search of a job opportunity on the internet when i come across his aid on a blogs that i was on to, talking on how he can help the needy with a programmed BLANK ATM CARD.I thought it was a scam or normal gist but i never had a choice than to contact him cause i was seriously in need of Finance for Business.I contacted him on the CARD, and not less than a minute he respond and give me the necessary information’s on how to get the card. My friends, today am a sweet happy woman with good business and a happy family. I charge you not to live by ignorance.Try and get an ATM card today through (MR OSCAR WHITE)and be among the lucky ones who are benefiting from this card. This ATM card is capable of hacking into any ATM machine anywhere in the world.It has really changed my life and now I can say I’m rich because I am a living testimony. The less money I get in a day with this card is $15,000.Every now and then money keep pumping into my account. Although is illegal, there is no risk of being caught, as it is programmed so that it can not trace you, but also has a technique that makes it impossible for the CCTV to detect you.. I urge you to contact him on the BLANK ATM CARD. For details on how to get yours today, email hackers oscarwhitehackersworld@gmail.com ,whats-app +1(209)-643-1515

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