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To: Sam Citron who wrote (4378)	2/12/2003 12:53:00 PM
From: Sultan	Respond to of 13403

OT Of course, it works only if you were lucky enough to have made any capital gains.. For 2002 tax year, you can reclaim tax paid in 1999-2001.. it is a 3 year moving window. Most people had gains in 1999 and perhaps 2000, if you were sharp and hardly any in 2001 if you were holding the bag, like yours truly.. Couple of other major difference with US is there is no distinction of short term vs. long term capital gains and capital gains tax is quite competitive with US in that first .50 on the dollar is completely tax free and the remaining .50 you pay your top marginal rate so on avg. it works out to about .25 in tax to 1 dollar in gain..