Hi.
(Before I head to an accountant)
Story - I got bored at work, started/attempted to trade and my last 2 tax returns I have claimed losses against my regular income, by classing my trading as a business. (probably a bit of a stretch, but had a decent turnover and some decent profits/losses)
My main question is - I now have a stock that I wish to hold for over 12 months as I think it will result in significant capital gains. If I put this stock into another account and it eventuated that I made a profit can I claim capital gains tax discount on this stock..? (i.e. does having two accounts enable one to get taxed in both ways if necessary..?)
Any help would be greatly appreciated
Krusty
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Hi. (Before I head to an accountant) Story - I got bored at...
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