Hi, I have a trust which I use to 'buy and hold' shares. If I decide to keep these shares as a long-term investment but also buy some additional shares for trading how will the profits be taxed? If the short-term trades are declared as income does this affect the treatment of my long-term shares if/when I sell them, or would I still get the 50% CGT exemption? Can you claim some profits as income and other profits as capital gains within the same structure? The reason I'm asking is because I've heard it's best to keep things separate, for example one trust for trading and a separate trust for holding investments but it would be simpler if I could buy them all in the one trust. Regards, OLI.