1500 job cuts, brace yourself!

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Hi CGI fishes,

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Thanks in advance

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Hi fishes,

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Need help!!

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My parents have a few hundred thousand in capital losses. How do we make the most out of this from a tax perspective?

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If you are planning to buy a house soon, here's a great way you can save taxes.

When you usually sell your shares, it attracts taxes. You either pay STCG for less than 1 year or LTCG for 1 year or above. Even if you sell your existing property, you would have to pay taxes on the capital gains.

But, if you have plans to buy a house, use the Capital Gains Account Scheme (CGAS) to save taxes.

How does CGAS work?

Let's say you bought a few shares in 2017 and want to sell them in 2022.

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Additional Posts in State Street

What do you think about the career advancement within SSB? What is the starting $ for a VP?

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