Are capital gains from forex trading taxable as income if i hold a free-lance position? (eg. an insurance agent)?

Discussion (4)

What are your thoughts?

Learn how to style your text

Kenichi Xi

27 Sep 2018

nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham

Usually Forex Trading are from Oversea Broker,

Generally, overseas income received in Singapore on or after 1 Jan 2004 is not taxable and does not need to be declared. This includes overseas income paid into a Singapore bank account.

Local Broker, you do not have to pay any taxes on capital appreciation gains or dividend income.

Hope my reply helps.

If you feel this reply have Quality, please upvote and check other Quality Reply.

https://seedly.sg/profile/a-kenichi-xi

Thank you.

Save

Jonathan Chia Guangrong

27 Sep 2018

SOC at Local FI

Technically capital gains are not taxable. But best to check with iras directly

Save

View 1 replies

Gabriel Tham

26 Sep 2018

Tag Team Member at Kenichi Tag Team

Can be taxable or non-taxable.

It will depend if you choose to declare or not.

Why people de...

Write your thoughts

Why buy and hold gain more than trading a stock? Any eg to illustrate?

Are dividends or capital gains from stocks taxable income in Singapore?

Do we get taxed on capital gains if we trade stocks and hold it for less than a year?

Anyone has experience with capital gains tax in the US? Is it better to keep my money in local brokerages trading US stocks or trade with less costs there but with capital gains tax?

Do you buy and sell FX for its capital gains using DBS Multiplier Account? If no, could you advise why? E.g. Better alternative platforms. Not into active FX trading but to earn a bit of FX gain.?

Why buy and hold gain more than trading a stock? Any eg to illustrate?

Are dividends or capital gains from stocks taxable income in Singapore?

Do we get taxed on capital gains if we trade stocks and hold it for less than a year?

Anyone has experience with capital gains tax in the US? Is it better to keep my money in local brokerages trading US stocks or trade with less costs there but with capital gains tax?

Do you buy and sell FX for its capital gains using DBS Multiplier Account? If no, could you advise why? E.g. Better alternative platforms. Not into active FX trading but to earn a bit of FX gain.?