Dear all I have few question to ask regarding investing in company shares and how taxation works.
1. If you borrow loans/mortgages for solo purpose and you invest this money into company shares, can you offset re-payment (interest & capital) of borrowing debt against if you make any profit invested in shares ?
2. If you withdraw funds from your account in regularly bases, which tax you have to pay Dividend or CGT ? Or if you withdraw once a year which tax you have to pay Dividend or CGT ? Obviously which element of tax you have to pay ?
3. Can you offset losses you make from investments against present and future tax years ? How many years you can backdate your losses ?
4. If you sell shares and you made profit but you don't withdraw it from broker platform to your account but you anticipated to re-invest again by buying new shares ? Do you have to declare this profits or losses while funds are in broker platform ?
Thank You !
Tom
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