u/FlyingKiwiFist

Hi all,

A while ago I asked my accountant at the time what my tax would look like if I sold some stocks that I've held for a few years. He explained that if I'd held them for a short term, I'd be considered a trader and would have tax to pay. If I'd held them for a long term, I'd be considered an investor and therefor, any tax obligations wouldn't apply.

I've held the stock since Sep 2021, which I guess makes me an "investor". It's now showing a return of 1600%. You can probably guess what I invested in.

Anyway, is it really true? Because I'm an "investor", I wouldn't pay any tax on the returns? That seems bizarre to me and I don't quite beleive it. Surely I must be misunderstanding.....

Thanks in advance