Thank you.
However, I do understand that. Having both long term investments (subject to CPT) and gains from 1 day - 1 month etc trades that 100% of the profit is added to my income.
My question is in regard to normally capital gains tax applied to a gain that has occured after holding a minimum of 12 months. (Hence investment - not trade)
As such trading gains would be added to income and taxed - hence NO TAX BENEFIT for MMR trading!
Just big tax benefit for holding for 12 months or more.
I only post it here as I do think many traders on this thread feel they will be not paying any tax on MMR profits.
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