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Tokutei account sales

Posted: Wed Jan 10, 2024 11:27 pm
by goodandbadjapan
Just double checking. If I sell something in my tokutei account all the tax is taken care of by SBI, right? Does that mean I don't need to do anything at all with regard to declaring it on a tax return etc? Just sell and be done with it?

Re: Tokutei account sales

Posted: Wed Jan 10, 2024 11:43 pm
by adamu
Yes, but figuring out how much tax they'll take is a bit awkward

https://retirewiki.jp/wiki/SBI_Securities

Re: Tokutei account sales

Posted: Thu Jan 11, 2024 12:05 am
by sutebayashi
There is an account type that does not do tax withholding on capital gains, but chances are you would have selected the tax withholding option.
源泉徴収あり is the type that takes care for you, 源泉徴収なし you need to report the taxes yourself.

Re: Tokutei account sales

Posted: Thu Jan 11, 2024 2:52 am
by goodandbadjapan
Thanks @sutebayashi and @adamu - very helpful. Yes, it's the 源泉徴収あり type.