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3 comment(s). Last comment by JayC 2019-03-17 20:26
Posted by Junichiro > 2019-03-17 19:38 | Report Abuse
The line between investing n speculating is hard to draw. Does investing means u are not allowed to sell when u received fresh update that is detrimental to the stock u hold ? In the history of M'sia, no individual has been taxed on trading profits.
Posted by Iamyou > 2019-03-17 20:24 | Report Abuse
As far as I know, there will be no tax if your main source of income is not coming from stock trading.
Posted by JayC > 2019-03-17 20:26 | Report Abuse
government already earn from stamp duty and 6% service tax. which i consider to be sufficient
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Ayoyo > 2019-03-17 04:21 | Report Abuse
While there are no capital gains tax here, has anyone declared trading profits as income or challenged IRB definition on 'badges of trade' which may make trading profits as taxable income? The clearest contrast is between kyy and Phillip... Phillip holds his investment for the very long term hence is considered capital gains by nature while uncle koon clearly trades with a motive to profit.. Does kyy declares his stock trading profits as income? What is the position of other profitable traders here? If one is Trading as an individual, and being profitable for many years, with taxable income at the highest % if trading profits are declared, how should one approach this subject without stirring up the hornet's nest with IRB?