I did some research like u, and can only concluded that, this thing is quite ambiguous.
Because like u have mentioned, the definition is very unclear, what mean by
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2) If the method you gain profit from stock market is by flipping stock (short term trading) FREQUENTLY, then it MIGHT BE taxable, under other gain or profit in your Form BE
Even stock market specialist don't have a very clear definition on how long is short term trading? how long is long term investing?
I came across reading before, which LHDN defines long holding investment = more than 5-7 years and is not taxable, but WTF how many people in stock market are holding for such long? come on!
And LHDN HAS NEVER (as I aware) give a very clear definition on this thing too.
So what i found out is, stock market player just keep diam diam, as hardly heard any case of LHDN picking trouble on stock market player, as someone mentioned, LHDN has no time to fish us as there are more big sharks who running tax.
But who know? I once read a news about a stock market player, who earned a lot during bull market in the past, but lost a lot too during market crisis, and suddenly LHDN appears and claim tax from him, hence he went bankruptcy, and being homeless on the street.
This post has been edited by tadashi987: Mar 2 2019, 09:52 AM
Mar 2 2019, 09:49 AM
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