I should know but I don't...used to work in tax section of a large Sydney accounting firm years ago.
I'm classed as a share-trader. I think this means all sales will go on revenue account anyway.
If I ask my suburban tax accountant he'll just call the tax office (does it every time and it worries me).
I would pay $350/hour at this stage for a conference with a tax adviser otherwise my tax bill this year could be ugly. Maybe a bit of dividend harvesting utilising the 45 day tax rule is the way to go...just need to pick the right stocks.
IRN Price at posting:
$1.00 Sentiment: Buy Disclosure: Held