Paying Taxes

[ceciltan]

Just a question,

in future when I finally decide to retire and depend solely on dividend income & Stock Capital gain, I will never need to pay any income tax again?

 

[mynickname]

Just a question,

in future when I finally decide to retire and depend solely on dividend income & Stock Capital gain, I will never need to pay any income tax again?

Depends on source of dividend and whether you fit the definition of a trader.

Practically, don't see iras working through these issues for another 15 years at least, well not until our swf hit margin call again.

 

[ceciltan]

Depends on source of dividend and whether you fit the definition of a trader.

Practically, don't see iras working through these issues for another 15 years at least, well not until our swf hit margin call again.

Mine is all from Reits and Business Trust. Not active trader, basically buy and forget type, even if price crash 50% or more, I also can sleep soundly type except if it become bankrupt.

 

[mynickname]

Mine is all from Reits and Business Trust. Not active trader, basically buy and forget type, even if price crash 50% or more, I also can sleep soundly type except if it become bankrupt.

Reits and trust distributions are taxable.

 

[Tornesoul]

Reits and trust distributions are taxable.

Iirc not taxable

Sent from Samsung SM-A520F using GAGT

 

[sgdividends]

Mine is all from Reits and Business Trust. Not active trader, basically buy and forget type, even if price crash 50% or more, I also can sleep soundly type except if it become bankrupt.

Not taxable la...it's all taxes at the corporate level...think many years ago there was something called the one tier tax system implemented ..

In short, not taxable as income

 

[Mergui219067]

Dividend no tax ?

Even if they tax , it should be at those like those who collect $10k a month dividend like.

没事没事，小事小事 😟 HardwareZone Forums app

 

[BBCWatcher]

in future when I finally decide to retire and depend solely on dividend income & Stock Capital gain, I will never need to pay any income tax again?

Maybe, and with some important caveats:

1. If you retire in another country, you will likely become a tax resident of that country and subject to its income tax provisions (and other laws and regulations). Many countries tax the worldwide income, including passive income, of its tax residents. Some countries even tax the worldwide wealth of its tax residents.

2. Any/every country, including Singapore, can change its tax rules any time it wishes.

 

[ceciltan]

Maybe, and with some important caveats:

1. If you retire in another country, you will likely become a tax resident of that country and subject to its income tax provisions (and other laws and regulations). Many countries tax the worldwide income, including passive income, of its tax residents. Some countries even tax the worldwide wealth of its tax residents.

2. Any/every country, including Singapore, can change its tax rules any time it wishes.

Thanks, Now can only hope SG dun change its tax rules to tax dividend income.

 

[Maeda_Toshiie]

Mine is all from Reits and Business Trust. Not active trader, basically buy and forget type, even if price crash 50% or more, I also can sleep soundly type except if it become bankrupt.

Gains from publicly listed are currently not taxed. Private partnerships are a different sort of animal.

 

[SBC]

Heng! Have not paid tax close to 10 years due to PTR.

 

[aKaGiz]

Property tax can use ptr?

 

[SBC]

Property tax can use ptr?

Good qns. Also keen to know.