are you trading or investing ?, page-14

No matter what the deductions are they still will not use up all the profit. I am used to working out tax ana tax deductions. I am even experienced wit tax audits and I know it does not work to try anything they may not be happy with. Therefore I pay my tax. I minimise my tax where possible. I claim all reasonable deductions. My tax problem is under control. That does not alter the fact that a takeover before NOV5th will cost me more than a sale after that date.

However the reason for my posts is to alert other ADIers that they have to watch for tax complications and costs. If you have traded it then you are a trader in the eyes of the tax office. Therefore you are taxed as if the profit is income. If you are an investor you are taxed on the capital gain when the shares are sold at different rates depending on the time the shares are held.

Those selling or trading and that includes anyone accepting the AWE offer now or later should take tax into their calculations as to whether or not they are getting a good deal.

Don't worry about me I have the matter under review on a regular basis. DYOTC, (do your own tax calculation)