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Online Share Trading

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trading in cc -pty

Reply
nala
Super Contributor
who of you trade under a cc or pty -is it beneficial than trading individually
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2 REPLIES 2
john_1
Super Contributor
shut up and start trading already.
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geordie1
Super Contributor
I invest in my personal name.I invest and trade in my cc-if you can afford?justify the accountants fees then yes there are certain adavantages,I pay myself and my wife a salary ,we are both members of cc's provident fund,there is a company car as well as 2 car allowances we work from home and claim certain office expenses etc etcTo justify all this you need enough profit to cover these expenses and need to be able to make some profit although not too often-making a paper loss inside the cc has some adavantages that can be carried forward to next tax year.Consult a good honest accountant before jumping into this but I would say if your circumstances are favourable then trading inside a cc can make a lot of sense.
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