|
|
Tax LiabilitiesIn most juristictions, any profits you make will be taxable, so do remember to set aside money for tax before you spend it. Also, at the end of each tax year, remove any tax due on your profits from your trading accounts. You do not want to risk losing the tax element of your account balance. Most tax authorities will allow you to offset losses against profits within a tax year, but they will still expect you to pay the tax, even if you have lost it in the next year. |