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Reply: 2.1.1.1.1.2.1.1.1.1.1.1.1.1.1.1 From: Owen . Good point Sim'. I forgot about a conversation I had with my accountant about CGT and his explanation was that is just an income tax like all the others, it just happens to be on a capital gain and not an income. As Dale said, it all gets...

Reply: 2.1.1.1.1.2.1.1.1.1.1.1.1.1 From: Owen . Good stuff guys. It's all got me thinking. Following on from Dales post though, if I just do one short term buy and sell it is not classed as trading, if I do 2 over 6 months is it? How does the tax office know after the first one that I don't...

Reply: 2.1.1.1.1.2.1.1.1.1.1 From: Owen . Thanks Dale, now I am really confused. Basically you are taxed on your gain regardless of whether you are trading or not. One is called CGT and the other is not. Is this correct? Are they different amounts or is is just the column it's put in at tax...

Reply: 2.1.1.1.1.2.1.1.1 From: Owen . Thanks Boyler. I will check it out with my accountant as this would make a huge difference to the profits gained on a sale. Owen "Gambling promises the poor what property performs for the rich – something for nothing"

Reply: 2.1.1.1.1.1 From: Owen . So would a one-off buy and sell within a 3 month period by a business be construed as a trade and have no CGT payable? If so, then there are 3 cutoff point for CGT, 3 months no CGT, less than 12 month full CGT, more than 12 months 50% CGT. Just thinking as I...