00:00Yes, in most jurisdictions you owe capital gains tax when you sell shares for more than you paid.
00:05But the exact liability depends entirely on your country of tax residence,
00:10holding period, and account type. There is no universal rate. This is not a single global
00:15answer. 1. United States. Gains on shares held under 12 months are taxed as short-term capital
00:21gains at ordinary income rates, 10-37%. Shares held over 12 months qualify for long-term rates,
00:280%, 15%, or 20%, depending on income bracket. 2. United Kingdom. Capital gains tax applies
00:37above an annual exempt allowance. £3,000 for 2024 25ths, sharply reduced from £12,300 in 2022 23rds,
00:47taxed at 10% or 20%, depending on your income band. 3. UAE and several Gulf states. No personal
00:55capital gains tax on individual share trading, making location a major variable. 4. Tax-advantaged
01:02accounts. US 401k slash IRA. UK ISA. Similar wrappers elsewhere gains inside these are typically tax
01:10deferred or fully exempt, regardless of holding period. The answer changes based on your tax
01:16residency, not citizenship, in most cases. Whether shares sit in a taxable brokerage account versus
01:22a retirement slash ISA-type wrapper, your total annual income, which can push gains into a higher
01:28bracket, and whether losses elsewhere can offset the gain. I don't have current 2026 rate tables
01:34verified, so treat the percentages above as recent historical reference points, not confirmed current
01:40year figures. Practical step before selling. Check your specific country's current capital gains
01:46rules for this tax year. Confirm which account the shares are held in. And if the amount is significant,
01:51consult a tax professional rather than relying on general rate assumptions. Misjudging the bracket
01:56or wrapper type is the most common costly mistake. Finally, remember that everything we discussed today
02:03is for educational purposes only and does not constitute financial advice. Good luck to everyone,
02:09and see you in the next video.
Commentaires