***sarfinancial***

  1. 3,918 Posts.
    Went and had a meeting with my accountant yesterday and I asked him the Ad's & Disad's of trading shares as an individual or as a company.

    He said out of the two if you and are a frequent trader (meaning buying and selling regularly without keeping shares for less than 12 months) it is much more beneficial to trade shares under your company because the max tax % you will ever pay is 30% as opposed to 48% or whatever tax threshold you are in as an individual.

    However.....I've got a little bit of capital losses still left over from 2000 which will be gone soon and he recommended to keep trading under my individual account until all capital gains are gone and then swap over to company after that so the most tax I'll ever pay is 30% on all capital gains!!!

    Pretty happy about that.
 
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