ato share trader question, page-15

Perhaps this link might help:

http://www.ato.gov.au/businesses/content.aspx?menuid=0&doc=/content/00149659.htm&page=3&H3

But a stockmarket trader still has the option of regarding certain stock holdings as investments or assets and declaring the gain or loss upon sale under CGT rules.

When declaring a loss, you need to be aware of the rules regarding a non-commercial loss and CGT. I mentioned something about that here:

http://hotcopper.com.au/post_single.asp?fid=2&tid=1823235&msgid=10614755