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  1. S

    Help me clarify taxes on day trading

    @seyi No honestly I haven’t. I am not trading frequently at the moment so it’s not an issue.I have a tax assistant which declared my profits as capital gains but it was all stuff I held for months.
  2. S

    Help me clarify taxes on day trading

    @godisgreat101 Yeah that’s why I was saying laying the CGT only on winning trades ignoring the losses. :-(
  3. S

    Help me clarify taxes on day trading

    @godisgreat101 it doesn't matter how long I kept the stocks?
  4. S

    Help me clarify taxes on day trading

    I've done some research on this subreddit and outside (revenue), and I still don't fully understand how taxation would work on day trading. Let's say in a single day I made this trades: STOCK BUY SELL P/L A 100 85 -15 B 100 112 12 C 200 230 30 A 300 310 10 B 100 80 -20 B 500 485...
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    In a bit of a dilemma

    @icewater Honestly, I would consider that you’re 21 only once. I would invest (yes invest) some of those savings to have a well deserved nice holiday, and save the rest. I think you can afford to spend couple Ks.
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