What if I put it this way..
It is my intention to hold a core parcel of lets say 200,000 for > 12 months and then also have a trading parcel which I trade daily, weekly etc using the one trading account.
So my question is, how are people managing having both a core long term parcel and a trading parcel so as to still be eligible for the CGT discount on the core parcel?
Are my options
(a) set up separate trading accounts, therefore no grey area and will definitely be eligible.
(b) assuming only one trading account, as FIFO applies, then I will not be eligible for the CGT discount as I am unable to specify which shares in my account are to be sold, ie. it will sell the shares I?ve held longest, thus if I am also trading a parcel constantly re-setting the 12 month counter, but, come tax time, if I have held a minimum of 200,000 shares for > 12 months, provided my accountant signs off on it I will be eligible for the discount?
Interested to know how people are managing it.
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