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09/10/21
15:52
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Originally posted by cutty:
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Of course... how is that different to the any fund manager/share trader who trades for a living, but also invests his hard earned. Just because you might run a share trading business, doesn't preclude you from also investing in a private capacity. I am assuming you know the criteria for being recognised as a trader. It doesn't just mean holding an ABN by the way. Sadly, there are a lot of people who falsely assume just because they hold an ABN they are a share trader... simply not true. You should look at the strict criteria the ATO enforces. But to answer your question, of course you can.
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Would the 50% CGT discount apply to assets held for 12 months in your investor account, while your trading account is taxed as a trader? I asked my accountant this and frustratingly they did not know.