Tax Terms

Taxable Account

Definition

What is Taxable Account?

An investment account in which income and gains may be taxed under ordinary rules.

Example in practice

Dividends received in the account may face withholding tax.

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Tax deducted at source from specified income payments before the recipient receives the balance.

Tax that may apply to gains from disposing of qualifying assets.

A public authority responsible for administering and collecting taxes.

The possibility of loss because broad market prices or rates move against an investment.

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