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Re: Re: [sharechat] trading shares as a company

From:	"Mr Nua" <mr_nua@hotmail.com>
Date:	Fri, 8 Mar 2002 11:56:30 +1300

Some people use a company if they wish to differentiate between long term holds (personal) and trades (company). Others use a company if their income makes it effective to do so. For example if you trade shares and earn $60,000+ income you will be taxed on your share gains at your personal tax rate (~38%). This often makes it more tax efficient to trade through a company where you will be taxed at a lower rate (33%).

You can generally claim any costs associated with trading against your gains. This is true whether you are doing it personally or through a company.

Nua

Disc. This email in no way gives advice on taxation matters. You should always consult with a qualified professional.

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