Australia's largest stock trading and investment forum Australia's #1 stock forum

Tax Implications - Trader Vs Investor, page-31

First 31 Last

Share
Profile

Follow
ddzx

37,911 Posts.

828

23/01/18

13:56

Post #: 30499978
Share

Originally posted by ddzx ↑

the big sacrifice is the CGT discount. if you think you do not need it then you can claim more deductions, such as computer, phone, electricity, etc, as a trader.

in addition, at 30 June each year, as a trader, you can mark down your "closing stock" for each share so your closing stock is at the lower of either cost price or market price for each share. this allows you to reduce or manage your tax for each year

this is different to CGT, where CGT does not allow you to offset your realised gains with unrealised losses

as a trader, you can include your unrealised losses & exclude your unrealised gains at 30 June for tax

Expand

however, if you mark down your closing stock, you may end up paying more tax in the next year (but who lives in the future??)
3 Upvote

0 Great analysis

Reply

Top Stories

LDX

Lumos Diagnostics surges 140% on major US contract deal

ASX Market Close: Why are we red today? Because US CPI's at 3%

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LIS

Li-S Energy the latest microcap to pivot to US defence market

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

First 31 Last

SPONSORED BY