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Taxes?

Clauric · 2014-12-02 23:13:54

I'm looking for a some advice regarding CGT and income tax My broker charges me X amount of commission per transaction, which I'm OK with for the time being. I can also deduct it from my CGT. However, he also charges me an administration fee, as a % of what I hold with him. Can I deduct that from my CGT? If I can, can I…

02-12-2014 11:13pm

#1

Clauric

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Posts: 449

I'm looking for a some advice regarding CGT and income tax

My broker charges me X amount of commission per transaction, which I'm OK with for the time being. I can also deduct it from my CGT.

However, he also charges me an administration fee, as a % of what I hold with him. Can I deduct that from my CGT? If I can, can I claim last year's administration fee as well against this year's taxes?

On a slightly related note - if I buy a bond with interest already accrued, can I deduct the interest that I bought against my income for that year? If I can, can I backdate the interest I bought in 2013 against last year's taxes, or this year's taxes?

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