Isn't it the case that you pay cap gains tax on any any share investment you make gains on. That is trader or Investor. I only recently found out through my accountant that you can only claim your fifty percent Cap gains tax reduction if you class yourself as a investor,. If you do your tax as a trader and you happen to hold some for 12 months you cannot claim the 50% Cap Gains discount on any Gains. Hope it helps but was only told this one week ago while doing my tax.
- Forums
- Economics
- Anyone with a "trading " account and also an "investor" account?
Isn't it the case that you pay cap gains tax on any any share...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)