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Buying and selling securities may generate capital losses and gains, which may be taxable. You'll receive a 1099 tax form annually, in which our custodian DriveWealth will summarise your taxable account activity.

When you close your Robo-Advisor account, it will result in all held securities being sold. Revolut does not provide tax advice. You, as the investor, are responsible for any capital gains or losses that may or may not be realised as a result of closing your account.

For more information or advice, you should contact a tax professional to discuss your personal circumstances in greater detail.