Hi.. Can someone please explain to me how and if tax is payable on profits made on shares.
I overheard a conversation last night about tax on personal and company investments. The argument was that if you had a company and that company owned shares and those share were to make the company money then that "income" was taxable. However, if you were to own shares under your name ie: personal investments, then the profits were un-taxable.
Is this true or not? Ive tried to find info on it but its sunday and ive had a big night so asking a question is easier than surfing the web atm.
