IntenseFinance/gnucash
3
0
Fork 0
mirror of https://github.com/Gnucash/gnucash.git synced 2025-02-25 18:55:30 -06:00
Code Issues Packages Projects Releases Wiki Activity

notes about taxes

Browse Source 
git-svn-id: svn+ssh://svn.gnucash.org/repo/gnucash/trunk@706 57a11ea4-9604-0410-9ed3-97b8803252fd
This commit is contained in:
Linas Vepstas 1998-03-23 08:39:34 +00:00
parent 9c12d285d3
commit 200508d288
1 changed files with 23 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

23
src/tax.txt Normal file
View File

@ -0,0 +1,23 @@
Some notes about taxes
----------------------
From: Jon Kaare Hellan <Jon.K.Hellan@item.ntnu.no>
Norwegian rules are more or less as follows:
You pay income tax on
(sale price - commission) - (adjusted purchase price + commission)
Adjusted purchase price?? That's what makes us different.
Each Jan. 1., the cost base of stocks you hold is adjusted by some
amount. How it is computed does not matter here, but the idea is that
once the company has paid tax on a profit, a corresponding amount of
capital gains becomes tax free to the stockholders. Theoretically
attractive, difficult in practice.
So I need a way to keep track of these adjustments register for each
stock in a portfolio.