Tax Terms
Taxable Account
Definition
What is Taxable Account?
An investmentAn asset or commitment of money made with the expectation of future income, growth, or both. account in which income and gains may be taxed under ordinary rules.
Example in practice
How This Looks in Practice
Dividends received in the account may face withholding taxTax deducted at source from specified income payments before the recipient receives the balance..
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Related Terms
Tax Terms
Withholding Tax
Tax deducted at source from specified income payments before the recipient receives the balance.
Tax TermsCapital Gains Tax
Tax that may apply to gains from disposing of qualifying assets.
Tax TermsTax Authority
A public authority responsible for administering and collecting taxes.
Risk TermsMarket Risk
The possibility of loss because broad market prices or rates move against an investment.