Borojoa,in any given financial year u can be classified as either an investor or trader,not both.An investor that keeps shares for a year or more is deemed to have triggered a capital gains situation same as if u bought a house as an investment,rented it out for a year or more and then sold at profit.Your profit on your share or house after u sold
less any expenses is halved and goes straight on your income for that financial year.
EG. shares bought and held for a year profit=$50K
Your day job u earn a salary of say $60K
profit from shares is halved,now $25k and goes on your income.Therefore $25k(shares)+$60k(salary)=$85k earnings
for that financil year and u will be taxed accordingly.
- Forums
- ASX - By Stock
- BOW
- quiet
quiet, page-9
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online