Hi All
Some more tax questions.
If one wants to be deemed as "carrying on a business of share trading" is there any paperwork that needs to be filled out like an application form? If doing your tax return yourself where do you put that down?
We have an account in both myself and spouses names, when doing tax can we choose which trades goes to which person, or do we split it? lodge together etc
When showing CGT loses, do you just put in the full amount and it automatically caries over to the following years? or do you have to show loses a special way so that they carry over?
Basically we have some small loses, which i have not yet decided whether to claim under normal CGT or "carrying on a business of share trading", I think the latter will be better as this is what i am planning on doing for the next few years
I am currently living in the UK so i cant really go and see a tax agent, so i would like as much info as possible before i decide on further steps.
Thanks
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