Quick question. I'm new to the stock market. Let's say a buy $5000 worth of ETFs, hold on to it for well over a year, and sell it for $7500 (for a $2500 profit).
Does that mean that $2500 * 50% = $1250 would become part of my taxable income? When it comes to the calculation of the Capital Gains Tax, are ETFs treated the same way as ordinary shares?
I think that this is the case, but wish to check with the experts here if I am thinking about it correctly. Any help is much appreciated.