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My understanding is: Held less than 12 months = sale total minus...

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    My understanding is:
    Held less than 12 months = sale total minus money invested (including broker costs) = total made which is then added to your income in that year and taxed accordingly.
    Held 12 months = as above except out of the total made you deduct halve to go straight in your pocket tax free and the other halve is then taxed along side your normal income.
 
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