Securities transactions: new tax rates apply to sale and exercise of options and sale of futures. The amendment sets specific transaction rates and payers for options and futures: sale of an option at 0.017% payable by the seller; sale where an option ... Summary
Securities transactions: new tax rates apply to sale and exercise of options and sale of futures.
The amendment sets specific transaction rates and payers for options and futures: sale of an option at 0.017% payable by the seller; sale where an option is exercised at 0.125% payable by the purchaser; and sale of a futures at 0.017% payable by the seller. It further defines taxable value for options as the option premium on sale and the settlement price when an option is exercised.
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