Trading commission

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lkw0113

(Master)Master

17 Jan 2025

Hi, when I buy and sell stocks, I need to incur some commission on my brokerage platform.

Can I deduct the commissions when calculating my capital gains?
Can I deduct the commissions when calculating my total taxable income for the tax year?

FYI, I am an investor, not a trader.

Thanks!

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MPrivate

(Superuser)Superuser

17 Jan 2025

Hi lkw0113,

if you self-assessed as an investor, commission paid on buy/sell will be included in the capital gain calculation and not available as a deduction against other income.

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MPrivate

(Superuser)Superuser

17 Jan 2025

Hi lkw0113,

if you self-assessed as an investor, commission paid on buy/sell will be included in the capital gain calculation and not available as a deduction against other income.

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