What constitutes a trade?

AwtkGO

New Member
Messages
5
For personal tax, what are the criteria to distinguish between trading (income tax) vs. investment (capital gain tax) for taxing purpose?

I found this guide on corporation tax (https :// www . revenue. ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-02/02-02-06.pdf) , but it is for corporation and it talks very generally about Badges of Trade.
What about personal? If a person buy a share, what is the minimum number of days he/she needs to wait before selling to consider it as an investment and do CGT on it?
Does anyone has experience on this?

Thanks.
 

dublin67

Frequent Poster
Messages
319
Generally speaking you would need a serious amount of transactions for an individual to be regarded as a trade of dealing in shares. I recall seeing some U.K. case where some chap had 300 trades and was still regarded as a capital gain.
 
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