Cryptocurrency Q&A
Are PIBS tax free?
Are PIBS tax free?
SamuraiBrave
Fri Nov 01 2024
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6 answers
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I'm wondering if PIBS are tax-free investments. I'm considering investing in them but want to make sure I understand the tax implications before making a decision.
6 answers
Caterina
Sun Nov 03 2024
The profits earned through investments in PIBS are not liable to Capital Gains Tax.
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henry_grayson_lawyer
Sun Nov 03 2024
This exemption applies specifically to gains derived from PIBS and does not extend to other types of investments.
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Riccardo
Sat Nov 02 2024
On the other hand, the income generated from PIBS is taxable.
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Giulia
Sat Nov 02 2024
This income is subject to the basic rate of Income Tax, which is applicable to all individuals within a certain income bracket.
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Rosalia
Sat Nov 02 2024
For those earning above the basic rate threshold, the higher rate of Income Tax is applicable.
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