US Shares - Taxation

[jorge_telosa]

Thank you Snoopy and SBQ for the answers. As I understand from your examples, am I correct that it will only be under FIF if at one time all outstanding investments reached over 50k? So if I am day trading and buying less than 50k during the day but also selling it on that day, then I will not be subjected to FIF since I dispose the shares. Even if I invested 49k in a day and sold it for 55k, it will still not be subjected to FIF, correct? But as Snoopy mentioned, I might be subjected to quick sale adjustments but FIF will always be zero if daytrading with less than 50k purchases. I am only trading US stocks and only 1 stock a day.

Seems like it is better to be under FIF rather than paying 33%, or am i wrong?

So in my case:
1. Future trading gains will be subjected to income tax (i.e. 33% if over 70k)?
2. Share “day trading” will not be subjected to FIF if total purchase is below 50K. But subjected to quick sale adjustment? This is better cause you are going to pay less rather than the income tax thresholds.