Don’t become a share trader by accident or you could find yourself paying capital gains tax like a property developer. In the past few months we have seen a number of initial public offerings (IPOs) that have encouraged investors into the market.
Beware becoming a share trader by buying and selling without a buy and hold strategy. Time, purpose and intent all play a part in someone being deemed a trader. The tax consequence could be a hefty tax bill. We recommend getting qualified advice.