Difference of specific account (no withholding) and general account

A securities company can make the account of three patterns of "withholding a particular account Yes No or" and "general account". If opened in "There withholding" tax return is no longer required, and does not have to deviate from the exemption for dependents to be provided much. On the other hand, and that cash flow is reduced because they are withheld 10% of the gain on the sale for each transaction, taken a tax or as an annual 200,000 yen or less (can be on duty-free and if the remaining two of the account), disadvantages etc. I have also.

In it is the difference between the rest of the "no specific account-withholding" of "general account". From a conclusion, specific features that are only in the general account two main Tsude, Moreover, since such things there is no both practicality, there is no benefit to make the general account.

As a general account specific features, The first is to use a "special case of deemed acquisition cost". This is that if you want to sell the shares that had been held from the previous end of September 2001, can be the acquisition amounts to "80% of the closing price share price of October 1, 2001".

Requires a tax return as a principle in the general account, but by comparing the actual purchase price at that time, the deemed acquisition cost, and I can select a cheaper price. This is not to a particular account, it is the merit of only the general account. However, this "special case of deemed acquisition cost" has become a limited time through the end of 2010, I will not be available after that. Therefore 1 claws of benefits, will soon become a meaningless.

The second feature is, only if the sale amount of 1 times more than the 300,000 yen, is that the information is submitted to the tax office from securities company (payment record). To put it the other way around, if the following transactions 300,000 yen once, the tax office is that it can not grasp your stock trading. Regardless without Ali withholding in the case of specific account, because a thing called "specific account annual trade report" that describes all of the transaction will be submitted to the tax office, has been aware of all of the transactions.

In the case of the general account (and without a specific account, withholding), the following cases of profit ¥ 200,000 per year total, tax return is not required, the amount of the tax will be waived. But by repeating the following retail trading 300,000 yen, and profit exceeds 200,000 yen, but is obliged to tax in the tax return and normally occurs, it is because they are not understood in the tax office and would be able to "ignore" you.

Of course, securities company itself because you have to understand all your records of transactions, I will also be considered if the go is news to the tax office. However, using multiple securities company, if the total exceeds the 200,000 yen, I do not know the tax office and ....

... But this is why early story is "tax evasion". If the tax investigation is done, because you discovered easily, such as tax evasion in your stock trading, this feature is also not the still of the general account benefits. Yuka door, it does not do is to tax evasion.

With that said, the benefits to open a general account does not have anything. Shouldering the risk of tax returns but, people and you want to use maximize the cash flow of securities account, people who want to enjoy the Ekizei the case of annual profit ¥ 200,000 or less I may be set to "no specific account-withholding" . Those who do not is it is best to obediently "There levy specific account-source".