I trade as an individual, I see little point in becoming a "trader/business " when you're entitled to the same deductions etc. The one thing I won't claim is mortgage/ home office expenses as you immediately lose the tax free residential status on that part of your home.
My trading is for my sole form of income, either dividends or capital gain so have little use for the hassles/extra bureaucracy of trusts etc.
I've seen that trying to weasel out a few dollars in deductions and other capers is a zero sum game over your lifetime. Keep it simple...
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- STTrading weekend thread 27th and 28th of April 2024
STTrading weekend thread 27th and 28th of April 2024, page-16
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