Re: Beginner Questions
haha thanks guys, when tax aspect of things comes into trading shares, How does it work??
Most important thing about tax is that you pay it.
The taxman is the only one who can put you in gaol without a trial.
Second most important thing about tax is that you only pay tax if you win.
So you gotta luv tax and pay as much as possible.
Decide if you are trading, as opposed to Value Investing.
Never decide to sell or hold on the basis of your tax position.
Decide based on your profit position.
Put the money aside to pay tax.
It's called provisioning!
Learn as much as you can about Capital Gains Tax.
It's not rocket science but there are nuances.
The tax office has a website.
You can phone, write or visit their office.
The taxman is a very nice person until you break the law.