Tax for investing and trading

[#1]

hi guys, for tax purposes and trasparency is it advisable to have one account for trading and another for investing?

[BRE]

I might be wrong, but I think if you have one account you'd be taxed as a trader on your investments. If you have two accounts, one for investments and another for trading, you stand a better chance on not being taxed on your investments, provided you hold the stocks in your investment account for at least 3 years.

[PILOT_ROB]

If your'e married, put one in your name and the other in your wifes - tarding account in a c.c.(then can expense everything - subs, computers, etc)

[#4]

Thank you. Happy Holidays!

[nala]

make the bucks then worry obout the taxes

[nala]

make the bucks then worry obout the taxes

[#7]

Are we supposed to pay tax on the gains we make from the stock market??? Sorry im taking a bit of a step back here...

[nala]

if you hold share a share for 3 years or longer you will be paying capital gains - if a trader you pay regular tax

[nala]

is there anyone trading in a cc ? is it working for you? can you cllaim your losses

[#10]

Regular tax being VAT?

[ZerOgravity]

So what happens if I have one trading account , I buy and sell sasol 10 times within a year - some at a profit some at loss but overall loss, will i be taxed on the gains without being able to claim any losses? or what if my overall portfolio has been hammered but i made some profits - do I still have to pay tax on the trades that made me money yet my porfolio is down ?

[ZerOgravity]

So what happens if I have one trading account , I buy and sell sasol 10 times within a year - some at a profit some at loss but overall loss, will i be taxed on the gains without being able to claim any losses? or what if my overall portfolio has been hammered but i made some profits - do I still have to pay tax on the trades that made me money yet my portfolio is down ?

[Shaun_Siddall]

Taxed on the net effect. If you have loss and trading in your own name it is not ring fenced so you can set it off against other income such as salary etc.

[geordie1]

Yes I trade as a cc.Working well for me over the last 10 years.I have a prov fund,my wife is my bookeeper.we do claim losses and various expenses.I also have shares in my own name-this is more of an investment account.It makes sense to me to organise yourself this way as long as you can justify the accountants fees.