I sold shares, capital or revenue for tax purposes?
By Marc Sevitz · Updated
Why do you consider your shares as revenue? Do you trade in shares for profit making?
No. I don't trade but I do on occasion sell on bad news and buy back before the 3 year holding is up.
If your general purpose is to hold onto shares for a considerable period as an investment and not to make profits over a short period and there is incidental selling then it can be argued that your are trading on capital account and not revenue. When you purchase shares, what is your intent when making the purchase?