Hey Guys!
I'm a young bloke and this is the first stock I have bought. Had been looking for a good penny stock for bout 4 years and never bought. When I first saw FBR July 2016 I put the little I had straight in. What a great ride it has been. I have a question about tax on the profits made and what is the best way to go about this. I have bought and sold multiple times in FBR but each time I sell then buy I put everything back in so I haven't actually taken any money out yet, when do you pay your tax? And is it best to hold long term for tax purposes? Is it a good idea to get an ABN and trade that way if I want to do this more seriously?? What are the benefits?
Sorry for long winded question but I know some of you have great knowledge so I may as well pick your brains.
