MilesG,
On my understanding for a "sole trader" trading stock has to be valued according to market value as at 30th. June.
Based on book to market value, tax may then be applicable.
Most people who "trade" or call themselves "traders" are really in a different category and recognised as buyers or purchasers of shares, and so are not officially recognised as share traders.
Cheers,
SP.
daytrading as a full time job, page-123
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