Handling CGT
Martijn van Oosterhout
Martijn van Oosterhout <kleptog@svana.org>
Wed, 13 Feb 2002 22:25:22 +1100
[Please CC any replies as I am subscribed no post]
At least in this country, when you sell assets (like shares) you pay Capital
Gains Tax, which is basically where you count the gains you made as income
(with certain exceptions, but that's the basic idea).
Now, I would like to have it actually appear as income. But when you buy
stuff and then sell it, the total value goes up but I see no way I can have
it appear as income. There is nothing to balance it against.
Am I missing something?
--
Martijn van Oosterhout <kleptog@svana.org>
http://svana.org/kleptog/
> Terrorists can only take my life. Only my government can take my freedom.