I buy $100k of ZYZ. I say to myself I'm going to flip it in 2-3 months.
It then goes up...I sell (10%) every month at a profit for 5 months. It keeps going up, so I hold it for 14 months...sell the last 50% for a profit then.
ATO tells me I don't get the CGT. I go but, "I held stock for 12 months++" ??!!
Every share I buy and sell is recorded so the RECORDS part are looked after.
As you can see...I don't get the ATO's POV. If I can't have the CGT, write that RULE down somewhere so all investors/traders know what's what.
That's basically my question. I'd assume many other ASX investors or traders are in the same boat.
I'm not a investor or trader. I buy/sell stock. Time isn't a concern for me, just profit.
I'll follow the rules...whatever they are. I just want them written down somewhere.
