@Rx7driftking I trade under an ABN. Have a look at the ATO website as this will clarify what you are asking. According to the ATO website if you are earning assessable income as a share trader and considered to be in the business of share trading the purchase and sale of shares is considered to be the same as purchase and sale of stock. Therefore the profit and loss made is considered to be stock loss or profit - hence no CGT applies. From what I understand it is based on intention - if you intend to 'trade' the stock as opposed to holding with the intention of earning assessable income from dividends and 'capital' growth. Search term to use on the ATO site is "share trading" and this will throw up what you are looking for. As always, best to find a good accountant - I use one that has traded shares and options himself for a long time and has a solid understanding of the concepts involved.
