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Online Share Trading

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Quick question -- Tax

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Rovert
Super Contributor
This may be a silly question but; if you trade shares/warrants in your personal capacity and you incur a loss over a tex period; can you claim the loss against income? I know you need to pay tax on gains but what happens with losses? thanks
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4 REPLIES 4
SIMBA
Super Contributor
No but you can claim your loss against future profits..
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Not applicable
It's not fair though in my opinion.... considering you pay tax if you make profits but if you make losses you don't get any reward :)
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TOPIX
Regular Contributor
Fines are penalties you pay for being a bad citizen. Tax is a penalty you pay for being a good citizen.
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stomps
Contributor
I do my tax by efile were must u put ure profets and hou do u make ure losses claims for the next year profets? do u make it as one amount or share by share sepretly I trade part time How must u make with ure dividents received
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