Paying taxes on profits from shares?
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enrique
Apprentice
Joined: 21 Dec 2003
Posts: 6
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 Posted: 10/05/07 - 08:45 Post subject: |
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| I own some shares in pretty stabile company. Every year I receive dividend. But still I get pretty confused about those taxes. My wife always bothers me about that. In her opinion I have chosen a wrong shares because I owe such an amount of taxes. Can anyone clarify situation with paying taxes on profits from shares? |
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shell
Apprentice
Joined: 13 Aug 2006
Posts: 4
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| Posted: 11/02/07 - 22:36 Post subject: |
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| It really all depends on type of shares you buy. If you have shares in equity fund dividend income from funds which are equity oriented is tax-free. When you are in debt fund it isnt so simple. You must calculate and make balance between dividend distribution tax and tax for capital gain. I cant give you specific solution because i dont know all the facts about your shares. The best thing is to ask your financial advisor. |
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