thanks Pruner.....seems like you and Mr Dines both have similar thinking when it comes to the strategic importance of REE's. Hopefully you are both right.
Tax treatments is an interesting issue. Just because you make some ST trades, does not make you a trader in the eyes of the Tax Dept. It is whether you fit their definition of a trader and that is not straightforward.
However there comes a point at which the sheer number of ST trades / in balance with any other income streams, indicates that you are a trader (by their criteria)....and at that point the 50% CGT discount does not apply, you are classed as a trader, and you are taxed at your marginal rate on all share trading profits.
If in doubt see your accountant, but for most of us it is better to be classed as an investor (due to the 50% CGT discount if held longer than 1year ) than a trader (no CGT discount)
'the reward for patience is more patience'
thanks Pruner.....seems like you and Mr Dines both have similar...
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