Can tax be absorbed by the seller?
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adan Apprentice
Joined: 02 Jul 2004 Posts: 2
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Posted: 08/14/08 - 05:23 Post subject: |
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| Help, I have a question! Perhaps there is someone here who deals in stocks and shares on the stock market, and who can answer it for me. It is about the taxes that are levied on the sale of stocks and shares. Can you tell me if this tax can be absorbed by the seller? |
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dixie Apprentice
Joined: 17 Mar 2006 Posts: 4
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Posted: 09/13/08 - 00:44 Post subject: |
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| To be honest that is something I have never thought about. When the seller sells up, it may be the case that capital gains tax is due on his or her part, and of course that has nothing to do with you as the buyer. As for any other taxes (I don't know specifically which ones are due) I am not too sure. |
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