I'll be crypto trading and holding some coins for about 6 months which will only comprise 1-2% of total capital. Will I be eligible as a base rate entity?
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Hey @mj92,
We need a bit more information from you. Are you share trading or share investing as there is a difference.
To be a base rate entity you need to be share trading as a business. We've also had a similar question to this asked before. You may like to read our response here.
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Do you have a business of actively trading crypto, and perhaps other assets ?
Or are you same as most people, just a mostly passive investor ?
Search this forum, and other places, for the difference/s between trading and investing.
Some relevant questions for you to ponder include :
.1 What is your gross annual turnover ?
.2 How many buy/sell transactions each day/week/month ?
.3 Is this your day-job, or just a side-hustle ?
Once you understand the difference between trading and investing, you'll be able the answer the question about base rate entity.
You're welcome.
Hey @mj92,
We need a bit more information from you. Are you share trading or share investing as there is a difference.
To be a base rate entity you need to be share trading as a business. We've also had a similar question to this asked before. You may like to read our response here.
To make it clear, does actively trading crypto (under a small business entity) makes it a qualifying security and be considered a BRE?
Also aggregated turnover is less than the threshhold.
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