Thanks for the replys. I personally think that the CGT margins are excessive. If your doing more then say 10 trades a week regardless of your profession you should be put into a sub bracket with a reduced percentage of CGT. That way hobby investors can still work a normal job and invest in there spare time without being stung at the end of each finacial year. I see it more viable to quit work and trade full time IMO. I dont know why im rambling on about this but i hate giving money to the taxation department even if it is free! For now im just holding but with markets volatility these days i see potential to make alot of money day trading.
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