Hi all,
Fellow fool, Balder, has redirected me to this board with my problem. I hope somebody can enlighten me.
I have two questions;

I am about to take the plunge from offshore mutuals into the Dow Jones,
but am concerned about taxation. I hope my questions aren't that foolish!

question 1;

What tax, if any, would a Brit living in Japan hoping to buy and sell
American shares be liable to? Is capital gains tax deducted at source
automatically?

question 2;

Leading on from question 1, if captial gains tax is deductable from any
profit of sales, is it advisable to chop and change ones portfolio, such
as the foolish four every year, for example?

Cheers,
chris elvin