certificate of chargeable gain

R

robinhood

I recevied this certificate when i cashed in bonds it shows item 9 income tax
treated as paid , followed by Y .How do i know if any more tax is payable
 
D

Dave O

Speaking as one who pays taxes to "Internal Revenue Service" as opposed
to "Inland Revenue", if your documentation says income tax is paid,
then the tax liability >>>for that transaction<<< is resolved.
However, when you consider this transaction along with other gains and
losses you may owe a different amount. The key is to consider this as
part of the larger whole, and see how it affects and is affected by all
the other transactions.
 
R

robinhood

robinhood said:
I recevied this certificate when i cashed in bonds it shows item 9 income tax
treated as paid , followed by Y .How do i know if any more tax is payable
 
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