Is Forex income not classified as capital gains tax?

By Marc Sevitz · Updated

A certain amount of capital is grown by means of buy and sell transactions leading to profits and losses.Is forex income not classified as capital gains tax?
TaxTim Marc

TaxTim Marc said:
22 July 2013 at 15:49

The forex income or profits willl be included as income and not capital gains so they will be taxed according to your personal tax bracket. The forex profits and losses are not generated by means of you selling foreign assets.