diff --git a/src/tax.txt b/src/tax.txt new file mode 100644 index 0000000000..4372e76beb --- /dev/null +++ b/src/tax.txt @@ -0,0 +1,23 @@ + +Some notes about taxes +---------------------- + +From: Jon Kaare Hellan + +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. + +