If you are located in the UK: The answer is simple really here. Instead of buying and selling stock and shares, use financial spread betting to trade. Spread betting is a form of short-term trading that is ideal for taking directional speculative positions on the stock market. In the United Kingdom and Ireland, no tax is applicable on gains made through spread betting because it is considered a gambling activity. You are also able to short markets as well. Alternatively, you can make sure of an Individual Savings Account to shelter your money from the taxman. The UK has recently introduced new rules that should be welcomed by regular share investors who want to reduce their CGT liability. Such individuals are likely to get the most from having an ISA.
If you are located in the USA: Under current USA law, you can donate appreciated stocks to charitable organizations and make a deduction on the full market value of the stocks without paying capital gains taxes if (and only if) you've held them for more than a year. So if you're planning to make a significant tax-deductible donation, don't do it in cash; donate the long-term-held stocks instead.
If you are located in Canada: In Canada, you can move your shares in a portfolio, without having to sell them, into a tax-protected program quite similar to the US 401(k). It's referred to as RRSP in Canada. You can sell without having to materialise gains at all, but it has to remain in the sheltered account in order to retain the tax protection. Having said that, in Canada, once you take the money out of the sheltered investment vehicle it's taxed normally as income.
In addition, it is worth noting that in the USA and most other European countries longer term gains like proceeds from funds are taxed more favorably. Of course it helps your tax situation if you can offset your trading and investing gains with losses like what you can do with CFDs.
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