wpl presentation implications and euroz report, page-19

re: hooter to hardmano..hooter Hi H
Its a grey area but I think once you receice trader status at the ato you cant pick and chose which stocks are going to be taxed as cgt or marginal rate.

Everything is classed as carring on a trading business regardless of wether you own the shares for 10mins or 10 years thats why a seperate account for super fund is really the only way to claim the 50% cgt exemption and that is taxed at the super rate.

Using a company entity to trade was tax effective because the company tax rate was lower than than highest marginal tax rate but that has changed recently with the lowering of the marginal rates.

However if you are making over 100k proft per year I still think doing it through a company would be a lower rate.

But hey everyone is different and I know the ATO dont let everyone who wants to call them selves a trader be allowed to do so.

I believe you have to demonstrate a number of criteria not least a certain number of trades and time spent dedicated to sitting in front of the screen etc.