Tax return for foreign exchange margin trading
Foreign exchange margin trading (FX) has two kinds of trading methods. One is over-the-counter transactions and the other is exchanges (click 365). Each transaction had different tax relations until now.
Up to now in the case of FX over-the-counter transactions
– When FX over-the-counter transactions resulted in profits in excess of 200,000 yen (with exceptions), they were subject to comprehensive taxation as miscellaneous income and tax rates up to 50% (excessive progressive tax rate) were imposed according to the taxable gross income amount.
– FX When loss occurred due to over-the-counter transactions, profit and loss within the range of miscellaneous income was possible, but total profit and loss with other income amounts could not be totaled. Also, for the current fiscal year only profit and loss within the range of miscellaneous income was possible, but it was not possible to carry forward the deficit.
In the case of FX exchange trading (click 365) and future FX over-the-counter transactions (after 1 January 2012)
– When the profit exceeding 200 thousand yen occurs with FX transaction (with exception), distinguish it from other income and set the tax rate of 15% of income tax and 5% of regional tax as “miscellaneous income etc. concerning futures transaction” It takes a uniform (declaration separation taxation).
– If loss occurs due to FX trading, profit and loss with other money “amount of miscellaneous income etc. concerning futures transactions” can be totaled, but profit and loss with other income amounts can not be totalized. In addition, losses that can not be withdrawn even if collecting profits and losses of other “miscellaneous income etc. related to futures transactions” under the certain requirements are classified as “miscellaneous income related to futures transactions” for each year within three years from the following year Income etc. “from the amount of money you can deduct.