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Is Forex income not classified as capital gains tax?

Posted 16 July 2013 under Tax Q&A


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A certain amount of capital is grown by means of buy and sell transactions leading to profits and losses.Is forex income not classified as capital gains tax?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
22 July 2013 at 15:49

The forex income or profits willl be included as income and not capital gains so they will be taxed according to your personal tax bracket. The forex profits and losses are not generated by means of you selling foreign assets.


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