Quick Question, how does tax on shares work. I'm a student, earning around 20k a year. hardly anything. I've got a little bit of coin saved up so I'm buying and selling when i can, Is it true that every trade i make a profit on i have to pay 50% tax regardless of what my total income is? but if i hold for over a year it's only 25%??? If that is the case do losses cancel out the profits?