If you weren’t trading as your career and still worked elsewhere then I would imagine that trading success would be a leaner operation due to taxes but still a nice addition to your other wage. (Aren’t all second jobs taxed heavily??) Therefore I’d still be wondering why there’s resistance against taking profits just because of this ridiculous notion to avoid paying taxes.
Most here know my views on this, everyone should aim to pay as much tax as they need to pay.
I run my show through my company which I find the easiest but I’ve only ever done it this way so not sure if there are any better formats. I have a few other things going so the company system suits us. But no CGT apply for my trading, just company tax.
But you can certainly see the stupidity in stating that, “ I could have sold for a big profit but didn’t want to pay CGT”.
Just BS.
Cheers.
IMUGENE CHART. TA only, page-34672
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5.0¢ |
Change
0.001(2.04%) |
Mkt cap ! $371.8M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.1¢ | 4.9¢ | $776.4K | 15.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 6526158 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 1499998 | 1 |
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