Hacker News new | ask | show | jobs
by pjc50 1911 days ago
Individuals are not taxed on a "profit and loss" basis.
1 comments
rs999gti 1911 days ago
> Individuals are not taxed on a "profit and loss" basis.

Is it safe to assume you have no investments or save for retirement?

link
pjc50 1911 days ago
I have those .. in their respective tax shelters.

(In the UK these are ISA and personal pensions, and on both I don't pay income tax. This vaguely corresponds to the 401k system)

link