My understanding is that if you are doing this consistently, ie monthly and in " large" quantities they will deem it as income. Now as Red Onion says its not black and white.Thanks for the detailed answer. I do have a full time job myself (not in investing) and do keep most of my shares as investments but recently I've a had two or three penny stocks (with 2-4k in them) that have doubled/tripled in a day so I've sold them due them hitting my goal for these kind of shares. These might be considered more like trades but are exceptions in my portfolio.
Your posts illustrate how difficult an area this is to advise on.
The opening post and your last post are contradictory.
Reading the first one, I’d say “wow, unusually enough, that’s probably trading”.
But then in your last post, you row back.
Is it “5-10” sales per month as per your opening post or is it just “two or three” sales as per your last post?
I think you might slide under the radar this time but if you are going to continue I think you'd be classified as a trader, and subject to income tax, Prsi, USC on any income even the amount above.In my first message I mentioned I might sell stocks 5-10 times in a month. These stocks would generally be held for a month or more.
My last message just referred to two penny stocks that I sold recently within a day or two of buying.
I do buy quite regularly. I might the dip on many shares I have, to build my position but most of these I won't sell for months, maybe years. I was under the impression that the essential part of trading is selling regularly. Flipping them really.
I can tell you that I made about €1200 from August (when I started) to Nov when I submitted my December CGT form. Very little really.
I've sold three stocks within a day during that period ( The two penny stocks mentioned and 1 stock that I sold for a little loss as I got itchy fingers)
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