as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
do i only have to pay income tax on capital gains?
user
on the revenue only. this amount of 10$ will be considered as interest and fully taxable. it will not be a capital gain. but why would you decide to declare it as an income? 100$ is insignificant. if you lend small amount to friends it cannot be considered a lending business.
assistant